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Marapharm to raise C$17.2M in private placement

Marapharm Ventures Inc. is looking to raise C$17.2 million via the sale of 20 million units priced at 86 Canadian cents apiece.

Each unit will consist of 1 common share and a warrant to purchase an additional stock at C$1.25 apiece.

Emerging Equities Inc. is the agent for the offering, which is expected to close by Jan. 30, 2018.