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Quikflo Health brings in $4.8mln from first placing closing

Friday, March 24, 2017 9:25
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(Before It's News)

QuikFlo Health Inc (CVE:QF) has completed its first closing of the placing to raise up to $7.5mln, bringing in over $4.8mln for working capital and future acquisitions.

It told investors it had issued over 64.3mln units at  7.5 cents each, with each unit consisting of one  share and one-half a share purchase warrant.

This allows the bearer to buy a further share for 15 cents for a period of two years from closing.

The warrants will contain a forced conversion provision if the shares trade at 25 cents or more for 10 trading days.

Quikflo shares are currently halted from trading on the TSX Venture Exchange. 

Story by ProactiveInvestors


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