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QuikFlo Health brings in $698,552 from third placing closing

QuikFlo Health Inc has completed its third closing of the previously announced placing
QuikFlo Health brings in $698,552 from third placing closing
The firm issued over 9.3mln units at 7.5 cents each to raise $698,552

QuikFlo Health Inc (CVE:QF) has completed its third closing of the previously announced placing, bringing  in $698,552 for working capital and future acquisitions.

It issued over 9.3mln units at 7.5 cents each, with each unit consisting of one  share and one-half a share purchase warrant.

These entitle the holder to purchase one additional share for 15 cents for two years from closing.

The warrants will contain a forced conversion provision if the shares trade at 25 cents or more for 10 trading days.

Quikflo shares are currently halted from trading on the TSX Venture Exchange

Any future material acquisitions by the company, including any acquisitions involving the proceeds of the private placement, will be subject to the approval of the exchange.

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