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MYM Nutraceuticals raises C$1.2M in private placement

MYM Nutraceuticals Inc. sold 535,319 units at C$2.25 apiece in a non-brokered private placement, raising gross proceeds of about C$1.2 million.

Each unit consisted of 1 common share and 1 transferrable share purchase warrant. The warrants allow holders to buy 1 MYM common share at C$3.25 apiece within a two-year period.

MYM will use the net proceeds for general working capital and corporate purposes.

The Vancouver-based company produces and sells organic medicinal cannabis supplements and topical products.