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NeutriSci International, Inc. (OTCQB: NRXCF) (TSX.V: NU) (FRA: IN9) Completes Private Placement, Will Use Proceeds for Neuenergy® Marketing

  • Neuenergy is a chewable and revolutionary energy tablet powered by blueberries and anti-oxidants with no sugar or calories
  • NeutriSci International names Glen Rehman as new CEO
  • Company sees new opportunities for its product in the cannabinoid field, as well as new strategic partnerships

NeutriSci International, Inc. (OTCQB: NRXCF) (TSX.V: NU) (FRANKFURT: IN9) recently announced that it has raised $499,999.95 in a non-brokered private placement (http://cnw.fm/C4cA1), with the proceeds to be used for marketing and advertising of Neuenergy®, its branded blueberry-powered energy chewable tablet (http://cnw.fm/Ll6n9). Funds will also go to the company for general corporate purposes.

In addition, the company announced that previous president Glen Rehman has been named CEO.

“This latest round of investment provides us with the opportunity to move forward with strategic new partnerships, as well as our existing ones,” Rehman stated in a news release. “We have built a solid foundation and are very excited about the opportunities that lie ahead of us as we continue to grow our sales of neuenergy, and expand into new opportunities for our product in the cannabinoid industry.”

The private placement consisted of 5,555,555 units of the company at a price of $0.09 per unit. A unit consists of one common share of the company and a purchase warrant for one-half of one common share. Each full warrant entitles the holder to acquire an additional common share at a price of $0.15 per share until June 6, 2019.

Related to the private placement, the company said it paid $31,136 in cash commissions and issued 345,956 finder’s warrants. Each of those warrants entitles the holder to acquire one common share, at a price of $0.15 per share, until June 6, 2019. All securities issued in conjunction with the placement are subject to a hold period that expires on April 7, 2018.

NeutriSci International is a Vancouver-based company that specializes in the production and formulation of nutraceutical products, with its primary focus being its Neuenergy brand natural energy and focus supplement featuring the beneficial effects of blueberries.

For more information, visit the company’s website at www.NeutriSci.com

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