Sirona Biochem (TSE:SBM) has released an update.
Sirona Biochem Corp. has successfully completed a private placement, raising $132,500 CAD through the sale of 1,325,000 units at $0.10 each, which include share purchase warrants. The funds are slated for general working capital purposes, with all securities subject to a statutory hold period expiring on August 4, 2024. This financial move supports the company’s ongoing efforts in cosmetic ingredient and drug discovery leveraging their proprietary technology.
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