Key Developments: Annidis Corp (RHA.V)
0.21CAD
17 Jun 2013
$-0.02 (-8.70%)
$0.23
$0.25
$0.25
$0.21
12,000
15,670
$0.39
$0.19
Latest Key Developments (Source: Significant Developments)
Annidis Corp Announces Financing Arrangements And An International Distribution Agreement
Annidis Corp announced that it has entered into a financing and distribution agreement with Yimai Technology International Company Limited (YIMAI), a Hong Kongcompany. YIMAI, through its affiliate Shenzhen New Industries Material Of Ophthalmology Co. Ltd., markets and distributes ophthalmology products in China. Following the completion of this transaction, subject to regulatory approval, Annidis will receive gross proceeds of $6 million. These funds will be used to increase manufacturing capabilities and continue to build on its current sales initiatives. Full Article
Annidis Corp Closes $2.0 Million Brokered Private Placement
Annidis Corp announced that $2 million brokered private placement financing (the Offering), led by lead agent Newport Private Wealth Inc. (Newport), has closed subject to receipt of the TSX Venture Exchange's final acceptance. In connection with the Offering, the Company issued a total of 5,050,000 units at a price of $0.40 per unit, for total gross proceeds of $2,020,000. Each unit consisted of one common share and one-half common share purchase warrant (the Units). Each whole share purchase warrant entitles the holder to purchase one additional common share at a price of $0.80 per share, for a period of 3 years following the closing date of the Offering. In accordance with applicable securities laws, the securities issued in connection with the Offering are subject to a minimum four month hold period. Full Article
Annidis Corp Announces Brokered Private Placement
Annidis Corp announced that it will raise a minimum of $2,000,000 and maximum of $4,000,000 by way of a private placement of 5,000,000 to 10,000,000 units. Each unit will be priced at $0.40 and consist of one common share and one half common share purchase warrant (the Units). Each whole share purchase warrant will entitle the holder to purchase one additional common share at a price of $0.80 for a period of three years from the date of issue. The gross proceeds from the Private Placement will be used for working capital purposes, including procuring inventory and to expand the sales and services part of the business. Full Article
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