Sirona Biochem Initiates Private Placement
27 Gennaio 2024 - 12:07AM
Sirona Biochem Corp. (TSX-V:SBM) (FSE: ZSB) (OTC: SRBCF) (the
"Company") is pleased to announce a non-brokered private placement
of up to 10,000,000 units of the Company at a price of $0.10 CAD
per Unit (a "Unit") for gross proceeds of up to CAD$1,000,000 (the
"Private Placement"). Each Unit consists of one common share and
one transferable share purchase warrant, each whole warrant
exercisable into one additional common share of the Company for a
period of 2 years from the date of issue at a price of $0.15 per
Share in year one and $0.25 per Share in year two.
In connection with the Private Placement, the Company may pay
finders' fees of up to 10% in cash and 10% in Finder Warrants (the
“Finder’s Warrants”). Each Finder Warrant will entitle the holder
to purchase one Share of the Company at any time for two years from
the closing date of the Private Placement at a price of CAD$0.15
per Share in year one and CAD$0.25 per Share in year two.
The company intends to use the proceeds of the private placement
for general working capital purposes.
The completion of the Private Placement is subject to customary
conditions, including acceptance from the Toronto Stock Exchange
Venture ("TSXV"). All securities issued will be subject to a hold
period in accordance with TSXV and/or other regulatory
requirements.
This announcement does not constitute an offer to sell or a
solicitation of an offer to buy. The securities have not been and
will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act"), or any state
securities laws and may not be offered or sold within the United
States or to, or for the benefit of, U.S. persons unless registered
under the U.S. Securities Act and applicable state securities laws
or pursuant to an exemption from such registration
requirements.
The Company looks forward to the successful completion of this
Private Placement, further fortifying its financial position to
drive strategic initiatives and maintain its position at the
forefront of innovative skincare solutions.
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery
company with proprietary platform technology. Sirona specializes in
stabilizing carbohydrate molecules with the goal of improving
efficacy and safety. New compounds are patented for maximum revenue
potential.
Sirona’s compounds are licensed to leading companies around the
world in return for licensing fees, milestone fees, and ongoing
royalty payments. Sirona’s laboratory, TFChem, is located an hour
north of Paris, France, and is the recipient of multiple French
national scientific awards and European Union and French government
grants. For more information, please visit
www.sironabiochem.com.
For more information regarding this press release, please
contact:
Investor Enquiries:
Christopher Hopton, CFO,
778-908-4734Email: Info@sironabiochem.comNeither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This news release includes certain statements
that may be deemed “forward-looking statements”. All statements in
this new release, other than statements of historical facts, that
address events or developments that the Company expects to occur,
are forward-looking statements. Forward-looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words “expects”, “plans”, “anticipates”,
“believes”, “intends”, “estimates”, “projects”, “potential” and
similar expressions, or that events or conditions “will”, “would”,
“may”, “could” or “should” occur. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from
those in the forward-looking statements. Factors that could cause
the actual results to differ materially from those in
forward-looking statements include market prices, continued
availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual
results or developments may differ materially from those projected
in the forward-looking statements. Forward-looking statements are
based on the beliefs, estimates and opinions of the Company’s
management on the date the statements are made. Except as required
by applicable securities laws, the Company undertakes no obligation
to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors,
should change.
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