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.
Braingrid is a global technology company committed to the best interests of the precision agriculture industry for the long term. We provide valuable grow information by capturing real-time data using our technology platform to increase revenues, reduce costs, risks and improve yield – making it easier for the grower to operate efficiently and effectively. Braingrid is providing the cannabis industry with powerful technologies, now and into the future. The Company is listed on the CSE under the symbol BGRD.