NetworkNewsBreaks – MustGrow Biologics Corp. (CSE: MGRO) (OTCQB: MGROF) Increases Non-Brokered Private Placement
Dec 5, 2019
MustGrow Biologics (CSE: MGRO) (OTCQB: MGROF), an agricultural biotech company developing and commercializing a portfolio of natural, science-based bio-pesticides, today announced it has increased the size of its previously announced non-brokered private placement. On or about December 10, the company expects to close on a total of 10,490,886 units for gross proceeds of C$3,671,810. The private placement consists of units, which are each comprised of one common share and one-half of one common share purchase warrant, at a price of C$0.35 each. Each full warrant entitles the holder to acquire one common share at a price of C$0.50 for a period of 24 months following the close of the private placement. All securities issued are subject to a hold period expiring 4 months and 1 day from the closing date. Per the release, MustGrow advises that some insiders of the company are partaking in the private placement pursuant to available related party exemptions under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Mustgrow plans to use the proceeds to fund research and development, as well as toward working capital and general corporate purposes.
To view the full press release, visit http://nnw.fm/DeMG4
About MustGrow
MustGrow is a publicly traded agricultural biotech company focused on providing natural science-based biological solutions for high value crops, including fruit & vegetable and cannabis cultivation. MustGrow has designed and owns a United States EPA-approved organic solution that uses the mustard seed’s natural defense mechanism to protect plants from pests and diseases. 110 independent tests have been completed, validating MustGrow’s safe and effective signature products. This product, in granule format, is EPA-approved across all key U.S. states as a fertilizer and pesticide (currently limited to fertilizer in California) and is designated by Health Canada’s PMRA (Pest Management Regulatory Agency) as a fruit & vegetable bio-pesticide and fertilizer. MustGrow has now concentrated a liquid format to be applied through standard drip or spray equipment, improving functionality and performance features. In cannabis, MustGrow is currently developing effective, safe and biological solutions that adhere to Health Canada’s strict regulations, including (1) its mustard-derived bio-pesticide to treat soil-borne pests and diseases; and (2) an in-licensed bio-fungicide for powdery mildew. The company has approximately 25.0 million basic common shares issued and outstanding and approximately 36.9 million on a fully diluted basis. For more information, visit the company’s website at www.MustGrow.ca.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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 SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
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
[email protected]
NetworkNewsWire is part of the InvestorBrandNetwork.
Recommended
/file/publisher-c1a3f893382d2b2f8a9aa22a654d9c97/2026/06/4718f393d6e72d11bf55590beeabe0ca.jpg)
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.
More News
Another big poll boost for Kemi: Tories overturn huge Reform lead to be main opposition party again
A pollster said on Friday night that the 'tectonic plates are shifting on the Right of British politics'.
Was avid gamer acting out a 'fantasy world' when he climbed into tiger enclosure at Yorkshire zoo before 200kg animal mauled him to death?
As a little boy, William Chapman dreamed of fame. Sweet-faced, talented, bright and hard-working, he had all the necessary tools to be a successful actor.
Child Maintenance Service hit by 'crazy' IT glitches, whistleblower says as parents left 'financially crippled' by inflated demands and at least two dads driven to suicide
Constant computer problems at the Child Maintenance Service are leading to parents being overcharged, placing them in desperate straits, a whistleblower said.
Manchester Airport attacker who assaulted two female officers has bid to reduce his sentence rejected
Mohammed Fahir Amaaz was jailed for three-and-a-half years after being convicted of common assault and two counts of actual bodily harm involving Sergeant Lydia Ward and PC Ellie Cook.
'Tiger mum' and her husband used £5million of school fees to fund lavish lifestyle of Rolex watches and grand pianos like it was a 'piggy bank', court hears
Self-styled 'tiger mum' Yasmin and husband set up top private school Cardiff Sixth Form as a charity before allegedly milking more than £5million of parents' school fees.
'Oldest man in Wales' recommends diet of fish and chips as he nears his 107th birthday
Owen Filer, who lives in Cwmbran, said there is 'no secret' and he has lived a simple life, working and not overeating.
The £100million hypocrite: Nick Clegg was Britain's smuggest politician, before he sold his soul to Facebook - now he's set to trouser ANOTHER £30million as his wife launches a new political party in Spain
Nobody will be too surprised to learn that Sir Nick Clegg, tech multi-millionaire, found himself standing alone at a party in Madrid last weekend.
£1million of watches stolen in muggings every month in London's West End
There were 97 watch robberies, including attempted thefts, from January to June this year, totalling 'millions of pounds of stolen property.'
Hackers steal personal data of millions of California students in massive breach
Hackers stole data from millions of California students who took state tests. The security breach affects current and former students who attended public schools over the last three years.
AOC gives cushy $1m from her own campaign to liberal pal Abdul El-Sayed as he eyes up Michigan Senate seat
The New York liberal brought her DSA-affiliated politics to Michigan's Upper Peninsula on Thursday to show her belief that El-Sayed can fight off Republican Mike Rogers.
Teacher, 25, killed in Oregon shooting is identified as family reveal she was beloved for selfless act beyond the classroom
Meghan Lambert of Bend, died in the classroom when Griffin John II, 16, opened fire at Silver Rail Elementary School in Bend, Oregon, on Thursday afternoon.
Arizona sheriff's office that bungled Nancy Guthrie investigation panned for dressing up as Paw Patrol characters in 'cringe' Halloween clip
Guthrie, 84, has been missing since February 1 after being taken from her home in the Catalina Foothills area outside Tucson.