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Liht Cannabis Corp concludes CAD425,000 non-brokered private placement.

M2 EQUITYBITES-March 26, 2019-Liht Cannabis Corp concludes CAD425,000 non-brokered private placement

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Cannabis company Liht Cannabis Corp (CSE:LIHT) (OTCQX:LIHTF) stated on Monday that it has raised gross proceeds of CAD425,000 under a non-brokered private placement.

In a non-brokered private placement, the company issued a total of 2,125,000 units at a price of CAD0.20 per unit for gross proceeds of CAD425,000.

Each unit in the company consists of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire one additional share at a price of CAD0.35 per share for a period of 18 months, expiring on 26 September 2020.The units will have a four month and one day hold period in Canada, as applicable.

Net proceeds may be used by the company for general working capital purposes as well as allow to position key people who will be integral to the going forward plan.

(USD1=CAD1.34007)

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Publication:M2 EquityBites (EQB)
Date:Mar 26, 2019
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