Aion Therapeutic Inc (TSE:AION) has released an update.
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Aion Therapeutic Inc. successfully completed a non-brokered private placement offering, raising $750,000 through the sale of 50 million units at $0.015 each. These units include a share and a purchase warrant, with the latter being exercisable at $0.05 for eighteen months. The funds are designated for general working capital purposes, and all securities are subject to a four-month holding period as per securities laws.
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