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Khiron Life Sciences Corp. (TSXV:KHRN) (OTC:KHRNF) has priced and sized its overnight marketed public offering.
The company intends to issue 26.70 million units at C$0.15 per unit for gross proceeds of C$4.01 million.
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Each unit will consist of one common share and one common share purchase warrant. Each unit warrant is exercisable to acquire one common share at C$0.20 for a period of 24 months following the closing date of the offering.
The underwriters have been granted an option to purchase up to an additional 15% of the units.
The company plans to use the offering net proceeds for general corporate and working capital purposes. The offering is expected to close on June 10, 2022.
Price Action: KHRN shares traded lower by 27.78% at C$0.13 on TSXV on the last check Thursday.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.