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PreveCeutical closes second tranche of private placement, raising $245K for operations and payables.

Company Fundamentals
12 Jun 2026
Newsfile Corp
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Bullish
pluang ai news

PreveCeutical Medical Inc. has closed the second tranche of its non-brokered private placement, issuing 9.8 million units at $0.025 each, raising $245,000. Combined with the initial tranche, the company raised a total of $585,000. Each unit includes one common share and half a warrant, allowing purchase of additional shares at $0.05 within two years, subject to acceleration if share prices rise. The funds will be used for outstanding payables, operating expenses, and general working capital. Further tranches are expected to close within the next four weeks.

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