Good afternoon
Looks like this little baby nearly fell outta the cot... but was caught just in a nic of time... and carried for months... again ...
In August 2023, MXC Share Purchase Plan (SPP) issue received a total of A$834,000 in eligible applications. Closely following on from this MXC recently secured US 7.9 Million in 'firm commitments'; the minimum amount required to fund MGC Pharma’s full business plan over the next 12-month period, that is focused on the IND applications of CimetrA and CannEpil in the USA; moreover, in yet another fund raising exercise a further US $500 000 to pay for marketing costs and legal fees. They musta short changed themselves with the 7.9 million .... maybe...
See attached announcements.
So, all cashed up for 12 months, company script had been written, until next time.
Have a very nice week.
EDIT: Not holding
Kind regards
rcw1