Burcon Nutrascience Corporation (TSE:BU) has released an update.
Burcon NutraScience Corporation, a leader in plant-based protein development, has completed an over-subscribed private placement, raising $4.3 million to fund their commercial plans and pursue profitability. The capital, contributed by directors, management, and both new and long-term investors, will be used to accelerate the company’s product launches in response to growing customer demand. The offering involved issuing units at $0.215 each, combining common shares and warrants, to support Burcon’s business strategy and general corporate needs.
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