Algernon Pharmaceuticals (TSE:AGN) has released an update.
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Algernon Pharmaceuticals Inc. has initiated a non-brokered private placement aiming to raise $250,000 by selling units at $0.12 each, which include a share and a purchase warrant. The warrants allow further share acquisition at $0.24 within two years, with an accelerated expiry option under certain conditions. The funds raised will be directed towards the company’s working capital needs.
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