23/07/2018 - 14:12

Corporate finance deals July 16 to 20, 2018

23/07/2018 - 14:12


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MMJ PhytoTech has invested CAD$0.15m for a 2.5% shareholding in privately-held Embark Health Inc as part of their CAD$1m seed funding round.


Australian resources and investment company, Cape Lambert Resources is pleased to announce that it has completed a placement of 38,924,698 fully paid ordinary shares, at an issue price of $0.03 per Share to raise cash proceeds of approximately $1.1 million (before expenses) and to settle creditors of the Company of $63k.


New World Cobalt is pleased to advise that it has entered into an underwriting agreement with Hartleys Limited in relation to the Company’s unlisted options that expire on 31 July 2018. The underwritten options comprise ~40.07 million options exercisable at $0.05 each on or before 31 July 2018 which were issued to NWC shareholders as part of a 1‐for‐3 loyalty bonus issue in August 2017. The Underwriting provides a level of certainty that the Company will be able to raise gross proceeds of ~$2.0 million from the outstanding Options.


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