Brief: Abaxx Announces CAD$27 Mln Financing

Abaxx Technologies

23/10/2023 11:03

Oct 23 (Reuters) - Abaxx Technologies Inc  ABXX.NLB :
    * ABAXX ANNOUNCES CAD$27 MILLION FINANCING TO COMPLETE RMO
AND ACH
LICENSE REQUIREMENTS, TERMINATION OF ATM PROGRAM
    * ABAXX TECHNOLOGIES INC - ENTERED INTO A BINDING TERM SHEET
FOR A
FINANCING WITH A STRATEGIC INVESTOR
    * ABAXX TECHNOLOGIES INC - OFFERING MAY BE INCREASED BY UP
TO AN
ADDITIONAL CAD $6.5 MILLION
    * ABAXX TECHNOLOGIES: MINIMUM OF USD $5 MILLION (CAD $6.8
MILLION)
SHALL BE RAISED BY ABAXX SINGAPORE PTE. LTD. AND ITS TWO
OPERATING EXCHANGE SUBSIDIARIES
    * ABAXX TECHNOLOGIES :FINANCING SHALL CONSIST OF AN ISSUANCE
OF UP
TO 4.7 MILLION SHARES OF CO AT A PRICE OF CAD $5.75 PER COMMON
SHARE FOR CAD $27 MILLION

Source text for Eikon:  ID:nGNXbc58fl 
Further company coverage:  ABXX.NLB 

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