Marvel Biosciences Announces Private Placement Update
On June 21, 2024, Marvel Biosciences (TSXV: MRVL) announced an update regarding its private placement unit offering. The TSX Venture Exchange (TSXV) has conditionally accepted Marvel's proposed non-brokered private placement, initially announced on May 16, 2024. Additionally, the company has been granted a two-week extension until July 17, 2024, to finalize its documentation related to the offering. This extension provides Marvel more time to complete necessary formalities for the private placement, which aims to raise funds for its ongoing business operations and research initiatives.
- TSX Venture Exchange conditionally accepted the proposed Offering.
- Granted a two-week extension to finalize documentation until July 17, 2024.
- None.
Calgary, Alberta--(Newsfile Corp. - June 21, 2024) - Marvel Biosciences Corp. (TSXV: MRVL) and its wholly owned subsidiary, Marvel Biotechnology Inc. (collectively the "Company" or "Marvel"), wishes to announce that, further to Marvel's May 16, 2024 press release announcing the Company's non-brokered private placement unit offering (the "Offering"), the TSX Venture Exchange ("TSXV" or the "Exchange") has conditionally accepted the Company's proposed Offering and has granted the Company a two-week extension to July 17, 2024 to file its final documentation with the Exchange in relation to the Offering.
Contact Information
Marvel Biosciences Corp.
Roderick (Rod) Matheson, Chief Executive Officer or
Dr. Mark Williams, President and Chief Science Officer
Tel: 403 770 2469
Email: info@marvelbiosciences.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
All information contained in this news release with respect to the Company and its subsidiary, (collectively, the "Parties") were supplied by Marvel, respectively, for inclusion herein and each parties' directors and officers have relied on each other for any information concerning such Party.
This news release may contain forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the expectations of the Company and include other risks detailed from time to time in the filings made by the Company under securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that the above events on the terms will occur and within the time disclosed herein or at all. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213935
FAQ
What did Marvel Biosciences announce on June 21, 2024?
What is the significance of the two-week extension granted to Marvel Biosciences?
What is the stock symbol for Marvel Biosciences?
When was the private placement unit offering initially announced by Marvel Biosciences?
Why is Marvel Biosciences conducting a private placement offering?
