BC Bud Corporation (TSE:BCBC) has released an update.
BC Bud Corporation, a Canadian cannabis company, has successfully completed a $400,000 non-brokered private placement without finders’ fees, issuing 20 million units at $0.02 each, with plans to allocate the funds for general working capital and current liabilities. Each unit includes a share and a warrant, the latter allowing the purchase of an additional share at $0.05 within 24 months, subject to a four-month hold period. The placement also saw participation from certain company directors, which was regarded as a related party transaction but exempt from certain valuation and minority shareholder approval requirements.
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