Lexaria completes a $1.7M private placement

|About: Lexaria Bioscience Corp. (LXRP)|By:, SA News Editor

Lexaria Bioscience (OTCQB:LXRPcompletes a private placement of 4.1M units of the Company at a price of US$0.42 per unit for gross proceeds of $1.7M. Each Unit consists of one common share and one-half of a warrant to purchase one share of common at $0.60.

The net proceeds will fund R&D activities, working capital and general corporate purposes.

Yesterday's close was $0.44.