NanoSphere Health Sciences Inc. (Formerly Corazon Gold Corp.) Announces Name Change, CSE Listing And Conversion Of $5.9m In Subscription Receipts
DENVER, Dec. 4, 2017 /PRNewswire/ -- NanoSphere Health Sciences Inc. (CSE: NSHS) ("NanoSphere") (formerly Corazon Gold Corp.) is pleased to announce a name change and listing on the Canadian Securities Exchange (the "CSE"), effective today. NanoSphere's shares will commence trading tomorrow, December 5, 2017, under the symbol "NSHS".
NanoSphere has also satisfied the escrow release conditions for its previously announced $5.9 million subscription receipt financing (see news release dated November 29, 2017). The resulting conversion of the subscription receipts and subscription receipt finder warrants issued under the financing will result in the release of $5,762,370 in net proceeds to NanoSphere after payment of finder fees, and the issuance of 11,811,370 common shares and 6,190,235 share purchase warrants (including 284,550 finder warrants) exercisable at $0.75 until December 4, 2019, subject to acceleration as described in the news release of November 29, 2017.
"NanoSphere's CSE listing and the completion of the $5.9 million escrow release marks one of what will be many milestones for NanoSphere on its road to revolutionizing not only the way Cannabis is administered, but other substances as well," commented David Sutton, President of NanoSphere.