Good Natured Products Inc (TSE:GDNP) has released an update.
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Good Natured Products Inc. has successfully completed the first tranche of its private placement, raising $938,399.88 through the issuance of over 15.6 million units at $0.06 each. These funds are earmarked for working capital and cost reduction initiatives, with insiders subscribing for over 5 million units. The company anticipates additional tranches, having received a 30-day extension from the TSX Venture Exchange to close the remaining portions of the Offering.
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