The Placement is to accredited investors of up to a total of $4 million, by issuance of up to 80 Convertible Loan Notes, each with a face value of $50,000.
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- Source: https://www.biospace.com/article/releases/medx-announces-first-closing-of-1-million-in-non-brokered-private-placement-of-convertible-loan-notes-and-warrant-extension/?s=93