Agricultural biotech company MustGrow Biologics today announced the closing of a
non-brokered private placement. According to the update, the offering consists
of 1,712,533 of MustGrow common shares, each at a $0.70 price per common share,
for gross proceeds of $1,198,773. The company intends to use the net proceeds
to accelerate research and development of its bio-pesticide and bio-fertilizer
formulations, as well as for working capital and general corporate purposes.
MustGrow plans to direct research and development proceeds toward its patented
mustard-derived signature products and its prospective suite of in-licensed
natural biologics.
To view the full press release, visit http://ibn.fm/q2F1N
About MustGrow Biologics Corp.
MustGrow Biologics is an agricultural biotech company that
develops and commercializes patented technology that is a natural biopesticide
and biofertilizer for use as a fertilizer, nematicide, pesticide and fungicide.
MustGrow’s novel and proprietary solutions utilize organic components refined
from mustard seed to provide high-quality, organic pest control to growers
facing challenges associated with soil-borne diseases and pests such as
nematodes. The company’s technology provides an all-natural, effective, safe
and easy-to-use solution for farmers seeking to raise healthy crops without the
use of pesticides. For more information, visit the company’s website at www.MustGrow.ca.
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