Delivra Health Brands Inc. (TSX-V:DHB) told investors it has closed its previously announced non-brokered private placement of units, issuing a total of 60 million units at $0.015 each for aggregate gross proceeds of $900,000.
Each unit comprises one common share and one common share purchase warrant which entitles holders to acquire one share for $0.05 for 36 months following the completion of the offering.
Proceeds will go towards working capital, general corporate purposes, and for ongoing marketing initiatives.