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Technology
Marvel Biosciences Corp. (TSXV: MRVL) Closes Second Tranche of Private Placement
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Highlights
Marvel Biosciences Corp. (TSXV: MRVL), along with its wholly owned subsidiary Marvel Biotechnology Inc., has closed the second tranche of its previously announced non-brokered private placement. This tranche involved the issuance of 150,000 units at a price of $0.125 per unit, resulting in gross proceeds of $18,750. Each unit consists of one common share and one warrant. The warrants are exercisable at $0.175 per share for a two-year period.
In connection with the second tranche, the company paid a total of $1,312.50 in cash as a commission and issued 10,500 finder’s warrants to Acumen Capital Finance Partners Limited, which acted as the sole finder. These finder’s warrants are exercisable under the same conditions as the investor warrants.
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