Calgary, Alberta – TheNewswire – March 16, 2021.
For Immediate Release – Medxtractor Corp. (“MXT” or “Company“) (CSE:MT) (CNSX:MT.CN) announces its non-brokered private placement of units (“Units”) announced on February 17, 2021 was oversubscribed and the Company raised gross proceeds of CDN$1,815,000 (“Offering”). The Offering consisted of the issuance of an aggregate of 9,075,000 Units at a price of $0.20 per Unit. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant (“Warrant”), with each full Warrant entitling the holder to acquire one Common Share at a price of $0.35 per Common Share for a period of 12 months from the closing of the Offering, subject to the accelerated expiry provision described below. If, on any 5 consecutive trading days occurring after four months and one day has elapsed following the closing date of the