LEXARIA BIOSCIENCE CORP. (OTCMKTS:LXRP) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02
| Unregistered Sales of Equity Securities |
On January 26, 2017 Lexaria Bioscience Corp. (the Company or
Lexaria) announced that it has it has received US$242,047.50from
the exercise of warrants previously granted. The stock warrants
were exercised at prices of US$0.2273, US$0.14, and US$0.31 for a
total of 1,075,000 common shares being issued. All warrants are
being exercised by third parties who are neither officers nor
directors of the Company.
Following issuance of these common shares, Lexaria will have
62,080,759 common shares issued and outstanding. No commissions
or placement fees have been paid related to the funds received
from this warrant exercise. Proceeds will be used for general
corporate purposes. Lexaria extends its thanks to its loyal
shareholders for their continued support.
– 2 –
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 7.01 | Regulation FD Disclosure |
A copy of the news release announcing that Lexaria has received
US$242,047.50from the exercise of 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 April 27, 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 -0.030 at 0.355 with 124,180 shares trading hands.