Kane Biotech Announces $3,000,000 Private Placement Offering
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Kane Biotech Inc. announced a non-brokered private placement offering of up to 30 million common shares at $0.10 per share, aiming to raise $3 million.
December 03, 2024 | 1:45 pm
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Kane Biotech Inc. is conducting a private placement to raise $3 million by issuing 30 million shares at $0.10 each.
The private placement will increase the number of shares outstanding, potentially diluting existing shareholders' equity. This could lead to a short-term negative impact on the stock price as the market adjusts to the increased supply of shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100