Mr. Ian Slater reports
ABIGAIL CAPITAL ANNOUNCES CLOSING OF PRIVATE PLACEMENT & GRANT OF STOCK OPTIONS
Abigail Capital Corp. has closed the non-brokered private placement of 3.6 million common shares at a price of 10 cents per share for gross proceeds of $360,000, previously announced on Sept. 23, 2019.
The net proceeds from the private placement will be used for working capital purposes and for the identification and evaluation of a qualifying transaction.
All common shares sold under the private placement are subject to a statutory hold period expiring Feb. 10, 2020.
Additionally, the company has granted 550,000 stock options to its directors at a price of 10 cents per share, expiring on Aug. 30, 2024.
We seek Safe Harbor.
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