Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) Private Placement Raises Gross Proceeds of $1.5M; Funds Allocated for Canadian Lab, R&D

Increased size of non-brokered private placement raises gross proceeds of $1,515,440, to be used to fund construction of new Canadian lab, LXRP’s R&D and general corporate purposes LXRP has received two new U.S. patents related to cannabinoid infused beverage compositions using DehydraTECH; the company is a drug delivery innovator The company has expanded its IP portfolio, giving it a total of 10 patents in its first family in the U.S. and Australia; it has 50 patent applications globally and out-licenses its technology

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) has raised, in a non-brokered private placement, a total of $1,515,440. Net proceeds will be used for construction of a new lab in Canada, LXRP-driven R&D and general corporate purposes. The offering consists of 947,150 units at an issue price of $1.60 per unit (http://nnw.fm/g81uD). Lexaria, due to strong demand, increased the size of the placement.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder to acquire one common share of LXRP at a price of $2.25 per common share for a…

Read More>>

More from NetworkNewsWire

Plus Products Inc. (CSE: PLUS) is “One to Watch” Golden Developing Solutions, Inc. (DVLP) Stands Out as an Emerging Leader in the North American Cannabis Market Sugarmade, Inc. (SGMD) Invests in Hempistry to Reinforce Its CBD Market Position

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

More Press Releases

Egypt's retired soccer star sentenced to 1 year in prison

Nov 13, 2018

CAIRO — An Egyptian court sentenced Mohamed Aboutrika, one of the country's greatest all-time soccer players, to a year in prison for tax evasion while also giving him the option to pay a fine of 20,000 Egyptian pounds, or $1,115, to have the sentence suspended. The verdict, handed down on Monday by the Cairo misdemeanor court, was delivered in absentia. Aboutrika, who has lived since his 2013 soccer retirement in exile in Qatar, where he works as a sports analyst for the beIN sports network, could not be reached for comment. Under the law, the verdict can be appealed and...

Celebrities offer thanks, condolences in death of Stan Lee

Nov 13, 2018

Celebrities offer their thanks, remembrances and condolences in the death of Marvel legend Stan Lee, who died Monday at age 95. "There will never be another Stan Lee. For decades he provided both young and old with adventure, escape, comfort, confidence, inspiration, strength, friendship and joy. He exuded love and kindness and will leave an indelible mark on so, so, so many lives. Excelsior!!" — "Captain America" actor Chris Evans, via Twitter. ___ "RIP Stan. Thanks for everything." — "Deadpool" actor Ryan Reynolds, via Twitter. ___ "Thank you Stan Lee for making people who feel different realize they are special."...

Could country's new class cause an upset at the CMA Awards?

Nov 13, 2018

The Country Music Association Awards tend to be fairly predictable as far as winners go, but could this year be different? Can the new class of country artists upset the longtime favorites on Wednesday? The well-researched music writers of The Associated Press weigh in on predictions. Chris Stapleton is the top contender with five nominations, but beyond that, the field is widespread. Nine other artists all have three nominations each, including Chris Janson, Dan + Shay, Midland and Thomas Rhett. The show, hosted by Brad Paisley and Carrie Underwood, airs live on ABC from the Bridgestone Arena in Nashville, Tennessee....

The Latest: Sheriff: 6 more bodies found; total of 29

Nov 13, 2018

PARADISE, Calif. — The Latest on the California wildfires (all times local): 6:20 p.m. Authorities have reported 6 additional deaths in a Northern California, raising the death toll to 29 and matching the deadliest wildfire on record in California history. Butte County Sheriff Cory Honea said the human remains recovered on Sunday included five bodies found at homes and one in a vehicle in Paradise. He also announced that 228 people remain unaccounted for since the fire began Thursday and incinerated the foothill town. The statewide total of deaths from wildfires reached 31. ___ 6:15 p.m. Authorities say 228 people...

Gerard Butler's house 'half-gone,' others await fire's toll

Nov 13, 2018

LOS ANGELES — Celebrities whose coastal homes have been damaged or destroyed in a Southern California wildfire or were forced to flee from the flames expressed sympathy and solidarity with less-famous people hurt worse by the state's deadly blazes, and gave their gratitude to firefighters who kept them safe. "Returned to my house in Malibu after evacuating," Gerard Butler wrote in an Instagram post next to a photo that showed a burned-out structure and a badly scorched vehicle. "Heartbreaking time across California. Inspired as ever by the courage, spirit and sacrifice of firefighters." "Half-gone" the "300" actor grumbled in his...

Broaden News

Reporter Pass is the only access you need to get into Hollywood. No matter it’s the red carpet event or backstage access, we’ve got you covered.

Contact us: sales@reppass.com

Award ShowsCelebrityPaparazziRoyaltyMoviesMusicTelevision Programs Press Releases