Braingrid Announces Closing of First Tranche of Pre-RTO Private Placement
TORONTO<, Oct. 11, 2018 /CNW/ – Braingrid Corporation (“Braingrid”) is pleased to announce that it has closed the first tranche of its private placement (the “Offering”) of 837,500 units of Braingrid (“Units”) at a price of $0.80per Unit for aggregate proceeds of $670,000.Each Unit is comprised of one common share of Braingrid (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $1.00 per share for a period of 24 months from the closing of the Offering.
