Britannia Announces Non-Brokered Private Placement of Unsecured Debenture Units
Summary
The Debentures will pay interest at a rate of 10% per annum, paid annually in arrears, and will have a maturity date of 12 months from the date of issue, subject to extension at the Companys option for an additional 12 months (the "Maturity Date").Britannia intends to use the net proceeds of the Offering for working capital and general corporate purposes.Britannia may engage one or more agents or finders in connection with the Offering and may pay such parties fees as may be agreed between Britannia and such parties. Britannia anticipates that current insiders of the Company may participate in the Offering.The Offering is expected to close on or about June 21, 2024, or such other date as the Company may determine, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange (CSE). The Offering may be closed in one or more tranches as subscriptions are received.Britannia Life Sciences Inc. is focused on introducing cutting-edge technologies into the traditional laboratory and regulatory platforms to power data-driven insights to improve the outcomes of its customers. Britannias services, including product formulations, safety assessments, analytical and microbiological testing, global compliance, and consumer evaluations are offered to companies ranging from multinationals to startups particularly in the cosmetics, food, and wellness industries. Britannia Mining Solutions operates a geochemical laboratory in the United States and is in the process of rolling out 12 PhotonAssay machines globally, with two PhotonAssayTM units installed and commissioned to-date.. Britannias head office is located at 120 Adelaide Street West, Suite 2400, Toronto, Ontario, M5H 1T1.For inquiries or more information on Britannias growing suite of product development, analytical testing, regulatory and compliance solutions across a range of industries, please visit https://britannia.life or contact:To view the source version of this press release, please visit https://www.newsfilecorp.com/release/212157