NEUTRISCI COMPLETES PRIVATE PLACEMENT
NeutriSci International Inc. (‘NeutriSci’ or the ‘Company’) the innovator and pioneer behind neuenergy® is pleased to announce that it intends to complete a non-brokered private placement of units (the ‘Units’) of the Company at a price of $0.05 per Unit for aggregate gross proceeds of up to $500,000 (the ‘Placement’). Each Unit will consist of one common share of the Company and one half of one common share purchase warrant, with each whole warrant entitling the holder to acquire an additional common share of the Company at price of $0.05 for a period of eighteen months from the date of issuance.
Glen Rehman, CEO of NeutriSci, stated, “We continue to focus on the launch of our products in California and Nevada, and look forward to furthering our manufacturing and distribution partnerships with Calyx Brands and Cryopharm Corp in the US, and with ANB Canada in Canada.” The Company may pay a finder’s fee to one or more arms’ length parties who introduce the Company to subscribers, in accordance with the policies of the TSX Venture Exchange. The common shares, warrants and shares underlying the warrants will be subject to a four-month-and-one-day statutory hold period from the date of issuance. Closing of the private placement remains subject to the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange.
Proceeds of the Placement will be used for marketing programs, production runs, and for general corporate purposes.
On Behalf of the Board of Directors of
NEUTRISCI INTERNATIONAL INC.
Tel: (403) 264-6320
About NeutriSci International Inc.
NeutriSci specializes in the innovation, production, and formulation of nutraceutical products. Established in 2009, NeutriSci’s is building sustainable sales models with Convenience, Chain Drug, and Mass Market and Supermarket retailers for neuenergy®, the Company’s natural energy and focus supplement that has at its core, the beneficial effects of blueberries.
Neuenergy® contains a unique patented combination of blueberries (pterostilbene) and naturally derived caffeine, and is a revolutionary energy tab designed to deliver enhanced focus and mental clarity with no sugar, no calories and no crash associated with typical energy products. To find out more about neuenergy®, please visit www.getneuenergy.com.
For more information, please visit: www.neutrisci.com.