QualityStocksNewsBreaks – MustGrow Biologics Corp. Secures $1.2M Non-Brokered Private Placement
Agricultural biotech company MustGrow Biologics today announced the closing of a non-brokered private placement. According to the update, the offering consists of 1,712,533 of MustGrow common shares, each at a $0.70 price per common share, for gross proceeds of $1,198,773. The company intends to use the net proceeds to accelerate research and development of its bio-pesticide and bio-fertilizer formulations, as well as for working capital and general corporate purposes. MustGrow plans to direct research and development proceeds toward its patented mustard-derived signature products and its prospective suite of in-licensed natural biologics. To view the full press release, visit http://ibn.fm/q2F1N About…