NEW YORK (GenomeWeb) – LexaGene announced today that it has entered an agreement with a group of underwriters led by Canaccord Genuity to purchase up to 5 million units of stock at a price of $1.00 per unit, for gross proceeds of C$5.0 million ($3.7 million).

Each unit will consist of one common share of the company and one half of one common share purchase warrant, with each share entitling the holder to acquire one share at a price of C$1.30 until June 22, 2021.

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