TAATTM Announces Voluntary Exercise of Warrants from October 2020 Private Placement for Gross Proceeds of CAD $10,000,000
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VANCOUVER, DECEMBER 11, 2020 - TAATTM LIFESTYLE & WELLNESS LTD. (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) (the “Company” or “TAATTM”) is pleased to announce that 4,992,308 common share purchase warrants issued in connection with a CAD $6.75 million private placement (the “Placement”) announced in the Company’s October 9, 2020 press release have been voluntarily exercised at a strike price of CAD $2.00 each for total gross proceeds to the Company of approximately CAD $10,000,000. The subscribers to the Placement were a group of investors (the “Group”) including Ms. Debbie Chang, co-founder of Horizons Ventures, in her personal capacity. The Company intends to use the proceeds from the Group’s voluntary exercise of these warrants to enhance and accelerate commercialization efforts for TAATTM, its flagship product, which is currently being launched in the United States starting in Ohio.
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