PharmaDrug Inc (CSE:PHRX, OTCQB:LMLLF) announced a non-brokered private placement offering to raise up to $326,000.
The offering comprises 6,520,000 units at $0.05 per unit, each including one common share and half a common share purchase warrant. The warrant allows the purchase of an additional common share at $0.10 within 24 months of issuance.
The proposed financing aims to generate funds for the company's strategic initiatives and expansion.