LEXARIA BIOSCIENCE CORP. (OTCMKTS:LXRP) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02
| Unregistered Sales of Equity Securities |
On March 24, 2017 Lexaria Bioscience Corp. (the Company or
Lexaria) announced that it has it has received US$32,503.90from
the exercise of stock options and warrants previously granted.
The stock options and warrants were exercised at the price of
US$0.2273, for a total of 143,000 common shares being issued. All
warrants and options are being exercised by third parties who are
neither officers nor directors of the Company.
Following issuance of these common shares, Lexaria will have
56,901,479 common shares issued and outstanding. No commissions
or placement fees have been paid related to the funds received
from this option and warrant exercise. Proceeds will be used for
general corporate purposes.
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.
– 2 –
| Item 7.01 | Regulation FD Disclosure |
A copy of the news release announcing that Lexaria has received
US$32,503.90from the exercise of stock options and warrants
previously granted is filed as exhibit 99.1 to this current
report and is hereby incorporated by reference.
| Item 9.01 | Financial Statements and Exhibits |
| 99.1 | Press Release dated March 24, 2017 |
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. LEXARIA BIOSCIENCE CORP. (OTCMKTS:LXRP) Recent Trading Information
LEXARIA BIOSCIENCE CORP. (OTCMKTS:LXRP) closed its last trading session down -0.022 at 0.350 with 145,507 shares trading hands.
