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IN BRIEF: MGC Pharma receives USD550,000 more from Mercer Street

Fri, 23rd Sep 2022 13:43

MGC Pharmaceuticals Ltd - Perth, Australia-based medicinal cannabis company - Receives a further USD550,000 under the USD10 million financing agreement signed with Mercer Street Global Opportunity Fund LLC, a fund managed by Mercer Street Capital Partner. Under the terms of the agreement, announced in July, MGC Pharma will now issue Mercer 605,000 convertible notes with a face value of USD1.00 each. The funds received will be used to fund MGC's ongoing operations such as clinical trials.

Current stock price: 0.89 pence

12-month change: down 72%

By Chris Dorrell; chrisdorrell@alliancenews.com

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MXC.L Share News (MXC)

IN BRIEF: MGC Pharma receives USD550,000 more from Mercer Street

Midatech Chair Rolf Stahel retires; Stephen Parker named as successor

TRADING UPDATES: Avation extends easyJet lease; Abingdon wins deal

IN BRIEF: MGC Pharmaceuticals finds partner for Indian market launch

EXECUTIVE CHANGES: Carnival promotes COO & UK chief Weinstein to CEO

TRADING UPDATES: Itaconix fundraise; Graft Polymer, MGC in patent wins

TRADING UPDATES: Rambler ups production; SRT Marine anticipates loss

TRADING UPDATES: Strong recovery from Revolution Bars, Vitec

DIRECTOR DEALINGS: Atalaya Mining execs sells GBP2.4 million in shares

IN BRIEF: MGC Pharmaceuticals consideration shares sold to cover tax

TRADING UPDATES: MJ Hudson and Tandem see results ahead of views

MGC Pharmaceuticals wins food supplement import approval in India

TRADING UPDATES: Silver Bullet faces cyber attack; Zoltav to delist

TRADING UPDATES: Zambeef sales continue climb; Watchstone files claim

SMALL-CAP WINNERS & LOSERS: MGC Pharma up as on track to hit targets

TRADING UPDATES: Big Yellow boosts payout; Grafenia loss narrows

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IN BRIEF: MGC Pharma receives USD550,000 more from Mercer Street

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