trending Market Intelligence /marketintelligence/en/news-insights/trending/VmVcVpRzUJnhSGBQu9JCog2 content esgSubNav
In This List

Kane Biotech to raise C$4M in placement

Case Study

Identifying PPE Suppliers During the Pandemic

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Healthcare Outlook for H2 2021

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective


Kane Biotech to raise C$4M in placement

Kane Biotech Inc. plans to raise up to C$4 million in a private placement of 33,333,333 units at 12 Canadian cents apiece.

Each unit under the offering will be composed of a common share and an 18-month warrant to purchase an additional stock for 18 cents apiece.

Kane Biotech plans to use the net proceeds for business development purposes, among other things.

The offering is scheduled to close July 14, with company insiders, including Kane chairman and CEO, subscribing for a minimum of C$1.5 million worth of units.