Delivra Health Brands Inc. (TSX-V:DHB) said it has undertaken a non-brokered private placement to raise $900,000 in gross proceeds.
The company plans to issue up to 60,000,000 units at $0.015 each. Each unit comprises one common share and one common share purchase warrant which entitles holders to acquire one share for $0.05.
Proceeds will go towards working capital, general corporate purposes, and for ongoing marketing initiatives.