LEXARIA BIOSCIENCE CORP. (OTCMKTS:LXRP) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities
On May 10, 2017 Lexaria Bioscience Corp. (the Company or Lexaria)
received US$34,753.40from the exercise of warrantspreviously
granted. The stock warrants were exercised at prices of US$0.2273
and US$0.1818, for a total of 156,750 common shares being issued.
All warrants are being exercised by third parties who are neither
officers nor directors of the Company.
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.
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.
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Item 7.01 Regulation FD Disclosure
A copy of the news release announcing that Lexaria has plans for
research and formulation development (RD) on nonsteroidal
anti-inflammatory drugs 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 May 10, 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 -0.005 at 0.345 with 344,050 shares trading hands.
