Canada House Wellness Group has closed the second tranche of its previously announced Non-Brokered financing of units of the Corporation. "Upon closing of the Second Tranche, the Corporation issued a total of 3,571,429 Units at a purchase price of $0.028 per Unit, to raise gross proceeds of $100,000, bringing the aggregate gross amount raised under the Offering to $2,725,600," the team with the company explains.
"Each Unit is comprised of one common share of the Corporation and one detachable common share purchase warrant of the Company. Each Warrant is exercisable into one Common Share at an exercise price of $0.05 for a period of 36 months following the closing date of the Offering. The net proceeds from the Offering are expected to be used for general operating and working capital purposes," they further explain.
"None of the securities issued have been registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful," they conclude.