Financings
Hemostemix closes $480,000 financing

HEM · Price
Executive Summary
- Hemostemix Inc. has closed a non-brokered private placement raising aggregate gross proceeds of $480,000.
- The company issued 4,000,000 common shares at a price of $0.12 per share.
- Proceeds are designated for general working capital, specifically to advance regulatory, clinical, and commercialization initiatives for its autologous angiogenic cell therapy platform, ACP-01 (VesCell).
Key Details
- Transaction Type: Non-brokered private placement.
- Gross Proceeds: $480,000.
- Share Price: $0.12 per common share.
- Shares Issued: 4,000,000 common shares.
- Use of Proceeds: General working capital, including advancing regulatory, clinical, and commercialization initiatives for ACP-01 (VesCell).
- Regulatory Status: Subject to final acceptance by the TSX Venture Exchange (TSX-V).
- Restrictions: All securities are subject to a statutory hold period in accordance with applicable securities laws and TSX-V policies.
Notable Quotes
- No direct quotes from management were included in the provided text.
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