QualityStocksNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Announces Over US$2 Million Private Placement
Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP), a global innovator in drug delivery platforms, today announced its entry into definitive agreements with certain qualified investors for the sale of 8,978,260 shares ("Shares") of its common stock along with common stock purchase warrants ("Warrants") to purchase up to 8,978,260 shares of its common stock in a private placement (collectively the "Offering") for gross proceeds of over US$2 million. According to the update, the purchase price per Share is US$0.23. The Warrants being issued in connection with the purchase of the Shares are immediately exercisable at an exercise term of five years…