PharmAla Biotech Holdings, Inc. (TSE:MDMA) has released an update.
PharmAla Biotech Holdings Inc. has announced a private placement offering aimed at raising $750,000 by selling units at $0.18 each, primarily to committed long-term shareholders. The proceeds are intended for securing global patent rights, manufacturing, clinical trials, and general corporate needs. Additionally, the company plans to settle a $108,000 debt with consultant Aaron Logan by issuing him 600,000 common shares.
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