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Gemina Announces Proposed Financing Up To $5 Million

Jun 21, 2022•about 3 years ago

Amount Raised

$5 Million

Vancouver

Description

VANCOUVER, BC / June 21, 2022 / Gemina Laboratories Ltd. (the "Company" or "Gemina") (CSE:GLAB) (FRA:8I7) is pleased to announce that the Company has engaged Leede Jones Gable Inc., as agent, (the "Agent") to offer, on a commercially reasonable best efforts basis (the "Financing"), up to 8,334,000 units of the Company ("Units") at a price of $0.60 per Unit (the "Unit Price") for aggregate gross proceeds of up to $5,000,400 (the "Financing Proceeds"). The Company has agreed to grant the Agent an option to increase the size of the Financing by up to 15%, exercisable in whole or in part at any time for a period of 30 days after and including the closing date of the Financing.

Company Information

Company

Gemina Laboratories Ltd

Location

Vancouver, Washington, United States

About

Gemina Labs is a biosensor and diagnostic company with a transformative, patented, proprietary chemistry that powers next-generation testing platforms for a wide range of pathogens that affect human health and wellness. Our technology drives testing platforms that are fast, affordable and accurate, and easily self-administered. Our development pipeline includes platforms for the rapid testing of COVID-19, influenza and other viruses. Additional information on the Company can be found at www.geminalabs.com. Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this Release.