The offering will now consist of 8.7 million units, up from 4.3 million, for a price of $1.15 per unit
Corp () (OTCMKTS:NNOMF) announced that it was increasing its previously-announced private placement to $10 million from $5 million.
The offering will now consist of 8.7 million units, up from 4.3 million, for a price of $1.15 per unit. Each unit contains one share and one half a share purchase warrant, and a whole warrant entitles its holder to purchase an additional share at a price of $1.60 for up 36 months following the closing date.
The Vancouver-based company plans to use the proceeds for corporate development, facilities expansion, technology advancement and general working capital.
The original $5 million financing was announced on January 30.
Contact Andrew Kessel at [email protected]
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