Xylitol Canada Inc. announced that it has received CAD 1.65 million in funding from Dundee Agricultural Corp and other investors.
September 30, 2014 at 12:00 am EDT
Xylitol Canada Inc. (TSXV:XYL) announced a private placement of up to 6,600,000 common shares at a price of CAD 0.25 per share for gross proceeds of up to CAD 1,650,000 on September 30, 2014. The transaction includes participation from Tom Kierans and Dundee Agricultural Corporation. Insiders of the company subscribed for all of the common shares. The securities issued are subject to a hold period of four months from the date of closing. The transaction is subject to the approval of the TSX Venture Exchange.
On September 30, 2014, Xylitol Canada Inc. closed the transaction. The company issued 4,000,000 common shares to Dundee Agricultural Corp in the transaction.