Grey Matters Closes $600K First Tranche of Private Placement
AGNPF sits 69% above its 52-week low of $0.218.
Summary
Grey Matters closed the first tranche of its non-brokered private placement, raising CAD $600,000 through equity units at $0.40 and convertible debentures. An insider participated with CAD $35,000, and the company paid CAD $14,800 in finder's fees. Proceeds will fund the Alzheimer's program and U.S. neuroimaging clinic. The offering remains open for additional tranches until September 30, 2026. This follows the August 20 announcement of the placement and the recent Florida radioactive materials license.
At the time of this announcement, AGNPF was trading at $0.37 on OTC in the Life Sciences sector, with a market capitalization of approximately $3.3M. The 52-week trading range was $0.22 to $8.11. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.