Numinus Wellness (TSXV: NUMI) this morning announced that it will be raising funds again. The latest round being conducted by the company will look to raise $30.0 million in a bought deal offering lead by Eight Capital and Canaccord Genuity.
The financing will see units of the company sold at a price of $1.25 per unit, with each unit containing one common share and one half of a common share purchase warrant. Each warrant is valid for a period of two years from the date of issuance, with an exercise price of $1.75 per share. An over-allotment option has also been granted.
Proceeds from the financing are to be used for working capital and general corporate purposes.
Sponsored · Selkirk Copper Mines
The financing is currently slated to close March 18, 2021.
Numinus Wellness last traded at $1.40 on the TSX Venture.
Information for this briefing was found via Sedar and Numinus Wellness. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
