Algernon Health (CSE:AGN, OTCQB:AGNPF) announced that it plans to raise up to $500,000 through a non-brokered private placement of units priced at $0.07 each. The proceeds from the financing will be used to advance the company's Alzheimer's disease research program, including preparations to open its first US brain-specific neuroimaging clinic.
Christopher Moreau isn't shy about his ambitions. The CEO of Algernon Health (CSE:AGN, OTCQB:AGNPF) wants to build a network of neuroimaging centers across North America, clinics that could help detect Alzheimer's disease earlier, faster, safer, and more comfortably than ever before.
Algernon Pharmaceuticals Inc. (CSE:AGN, OTCQB:AGNPF), a Canadian clinical-stage drug development company, said it has closed the second tranche of a non-brokered private placement, raising total gross proceeds of C$761,000 from the sale of subscription receipts. The financing, first announced on May 27 and updated on June 30, includes C$90,000 from company insiders.