Cardiol Therapeutics (TSX: CRDL, OTCQX: CRTPF) to Raise $11.25 Million

Company Overview – Cardiol Therapeutics
  • Cardiol Therapeutics (TSX:CRDL, OTCQX: CRTPF) announced $11 million bought deal public offering
  • Entered into an agreement with Canaccord Genuity Corp.
  • Bought deal: Aggregate of 4,500,000 units at a price of $2.50 per unit for aggregate gross proceeds to the company of $11,250,000.
  • Each Unit consist of one class A common share and one-half of one common share purchase warrant.
  • Each Warrant is exercisable to acquire one Class A common share of the Company at an exercise price of $3.25 per Warrant Share for a period of 24 months. 
  • Over allotment option of 675,000 units are available to raise additional $1,687,500.

Full News Release

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