Rapid Dose Therapeutics Closes First Tranche of Private Placement

Rapid Dose Therapeutics Closes First Tranche of Private Placement

BURLINGTON, Ontario–(BUSINESS WIRE)–Rapid Dose Therapeutics Corp. (“RDT”), (CSE: DOSE), a Canadian biotechnology company leveraging an innovative, proprietary oral delivery platform, is pleased to announce the closing of the first tranche of a Private Placement. The tranche consists of 506,157 Common Share Units at a price of $0.30 per Unit for net proceeds to the Company of $151,847. Each Unit consists of one Common Share and one Common Share Purchase Warrant which entitles the holder to acquire one Common Share of the Company at $0.40 per Share. The Share Purchase Warrants expire twenty‐four months from the date of issuance. The funds will be used by the Company to continue the commercialization of its proprietary drug delivery technologies and for general corporate purposes. About Rapid Dose Therapeutics Corp. Rapid Dose Therapeutics is a Canadian biotechnology company revolutionizing drug delivery through innovation. The Company’s flagship product QuickStrip™ is a thin, orally dissolvable film, that can be infused with an infinite list of active ingredients, including nutraceuticals, pharmaceuticals and vaccines, that are delivered quickly into the bloodstream, resulting in rapid onset of the active ingredient. http://www.rapid-dose.com CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information in this news release may contain forward-looking information within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend”, “will”, “could”, “are planned to”, “are expected to” or the negative of these terms and similar expressions. Statements containing forward-looking information, including, without limitation, in respect of the delivery of equipment and products using the QuickStrip™ product delivery method, the generation of recurring revenues, as at the date of this news release, the plans, estimates, forecasts, projections,…

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Source : Rapid Dose Therapeutics Closes First Tranche of Private Placement

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