Vice Health and Wellness (CSE:VICE) told investors it has closed a non-brokered private placement of $95,000 after accepting subscriptions for an aggregate of 1,900,000 units in its capital at C$0.05 each.
The company said each unit consists of one common share and one common share purchase warrant entitling the holder to purchase an additional share for $0.075 for two years from the issue date.
It intends to use the proceeds for working capital requirements and other general corporate purposes, adding that no finders' fees were paid in connection with the financing..