Source: Revive Therapeutics Ltd.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Revive Therapeutics (RVV) has closed a private placement for gross proceeds of $4.3 million
  • The company issued 28,676,064 units priced at C$0.15 per unit
  • The company paid finders fees totalling $304,112.75 in cash and 2,294,085 finder warrants
  • Revive is a life sciences company focused on the research and development of therapeutics for infectious diseases and rare disorders
  • Revive Therapeutics Ltd. (RVV) opened trading at C$0.13

Revive Therapeutics (RVV) has closed its previously-announced private placement for gross proceeds of$4,301,409.

The company issued a total of 28,676,064 units for $0.15 per unit. Each unit consists of one common share and one common share purchase warrant.  Each warrant entitles the holder to acquire one additional common share for a period of three years from the closing date of the offering.

The company paid $304,112.75 in cash and 2,294,085 finder warrants to EMD Financial Inc. and other registrants.

The offering is subject to the receipt of all necessary regulatory approvals.

Revive is a life sciences company focused on the research and development of therapeutics for infectious diseases and rare disorders.

Revive Therapeutics Ltd. (RVV) opened trading at C$0.13.


More From The Market Herald

" @ the Bell: Markets tumble amid rate worries

Canada’s main stock index was weighed down on Monday by commodity-linked and financial stocks. The telecom and utilities sectors posted some gains.
Dolly Varden Silver Corporation - President & CEO, Shawn Khunkhun.

" Dolly Varden Silver (TSXV:DV) reports highest-grade silver assay found so far on the Kitsault Valley Property

Dolly Varden Silver Corporation (DV) discovered the highest-grade silver assay found so far on the Kitsault Valley Property.

" Black Tusk Resources (CSE:TUSK) acquiring PegaLith Project

Black Tusk Resources (TUSK) has signed a $361,000 share purchase agreement to acquire 1396427 BC Ltd.

" Deep South Resources (TSXV:DSM) closes oversubscribed non-brokered private placement

Deep-South Resources (DSM) has closed the final tranche of an oversubscribed, non-brokered private placement for gross proceeds of $490,000.