CohBar, Inc. Announces Closing of First Tranche of Private Placement
CohBar, Inc. (CWBR)
NASDAQ:AMEX Investor Relations:
ir.cohbar.com
Company Research
Source: GlobeNewswire
MENLO PARK, Calif., March 29, 2018 (GLOBE NEWSWIRE) -- CohBar, Inc. (NASDAQ:CWBR) (TSXV:COB.U) (“CohBar” or the “Company”) is pleased to announce the closing of its first tranche of its previously announced private placement (the “Private Placement”) offering of non-convertible unsecured promissory notes (the “Notes”). Pursuant to the first tranche of the Private Placement, the Company has issued Notes in the aggregate principal amount of US$2,142,500 and 428,500 warrants (the “Warrants”) to the subscribers of the Notes. The Notes bear interest at a rate of 8% per annum and mature on March 29, 2021. The Warrants are exercisable at a price of US$5.30 per common share until March 29, 2021; provided, however, that the expiry date may be accelerated in the event that some or all of the Notes are repaid prior to March 29, 2019. Certain insiders of the Company participated in the Private Placement and acquired Notes in the aggregate principal amount of approximately US$490,000 and 98,
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