Psyched Wellness Announces Closing of Final Tranche of Non-Brokered Private Placement
Toronto, Ontario - (Newsfile Corp. –July 31, 2020) – Psyched Wellness Ltd. (formerly, Duncan Park Holdings Corporation) (OTC Pink: DCNPF) (the “Company”) wishes to announce in connection with its press release dated June 1st, 2020, the Company has completed a third and final tranche of a non-brokered private placement for gross proceeds of $187,595 through the issuance of 1,875,595 common shares (each, a “Common Share”) at a price of $0.10 per Common Share (the “Offering”).
The proceeds of the Offering will be used to develop the Company’s business and for general working capital purposes.
The Common Shares issued in connection with the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.
The Company has made an application to list its Common Shares on the Canadian Securities Exchange but at this time it is not possible to confirm if or when such listing will occur. The Company will provide further updates with respect to the potential listing as they become available.