LEXARIA BIOSCIENCE CORP. (OTCMKTS:LXRP) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities
On November 28, 2019 Lexaria closed the second tranche of its non-brokered private placement offering under which it received US$121,275.00 from the sale of 269,500 units (“Units”) at a price of US$0.45 per Unit to investors who are neither officers nor directors of the Company. Each Unit is comprised of one common share (“Share”) and one share purchase warrant (“Warrant”) whereby each Warrant entitles the holder thereof to purchase an additional Share (the “Warrant Share”) for a period of two years, at an exercise price of US$0.80 per Warrant Share until November 28, 2020 and thereafter at a price of US$1.20 per Warrant Share until November 28, 2020.
The Units were issued to registration exemptions either by way of the investor being an accredited investor or a non-US person who purchased the securities in an offshore transaction and will bear the required regulatory hold period legends.
The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements
Item 9.01 Financial Statements and Exhibits
Lexaria Bioscience Corp. Exhibit
EX-99.1 2 lxrp_ex991.htm PRESS RELEASE lxrp_ex991.htmEXHIBIT 99.1 Lexaria Announces 2nd Tranche Closing of Non-Brokered Private Placement Kelowna,…
To view the full exhibit click here
About LEXARIA BIOSCIENCE CORP. (OTCMKTS:LXRP)
Lexaria Bioscience Corp., formerly Lexaria Corp., is a food sciences company. The Company is focused on the delivery of cannabinoid compounds procured from legal, agricultural hemp, through gourmet foods based upon its infusion technologies. Its food sciences activities include the development of its nutrient infusion technologies for the production of superfoods, and the production of food products under its two consumer product brands, ViPova and Lexaria Energy. Its technology is developed to aid absorption and bioavailability of various payload molecules, including cannabinoids, such as cannabidiol (CBD) and tetrahydrocannabinol (THC). Its range of flavors to the ViPova family, are available in 8 to 32 bag portions: Decaf English Breakfast, Earl Grey, Herbal Bengal Chai, Herbal Cherry Black Tea, Herbal Masala Chai, Low-Caf Organic Evening Green Tea and ViPova Light. It produces and sells edible consumer products infused with cannabidiol and available for sale in over 50 states.
