Mydecine (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA) is a biotechnology company engineering the next wave of innovative medications and treatment protocols to directly address mental health with a particular emphasis on addiction and PTSD. In connection with its previously announced common share subscription agreement with a third-party investor dated Aug. 26, 2022, Mydecine has filed a shelf prospectus supplement to the company’s final short form base shelf prospectus for the province of Québec and amended and restated final short form base shelf prospectus for each of the provinces of Canada, dated Jan. 28, 2022. The prospectus supplement is the third supplement filed in connection with the subscription agreement and provides, among other things, that the company is qualifying the distribution of up to 8,490,566 common shares in the capital of the company to the investor, each at a price of $0.53, for aggregate gross proceeds of up to $4,500,000. The company also announced the closing of the first tranche of the third issuance under the subscription agreement. The offering resulted in the issuance of 943,396 shares, each at a price of $0.53, for aggregate gross proceeds of $499,999.88.
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About Mydecine Innovations Group Inc.
Mydecine is a biotechnology company developing the next generation of innovative medications and therapies to address mental health disorders such as nicotine addiction and post-traumatic stress disorder (“PTSD”). The core strategy blends advanced technology with an elaborate infrastructure for drug discovery and development. Mydecine’s dedicated multinational team constantly develops new paths for breakthrough treatment solutions in areas with considerable unmet needs. By collaborating with some of the world’s leading specialists, the company aspires to responsibly speed up the development of breakthrough medications to provide patients with safer and more effective treatment solutions. At the same time, Mydecine’s approach focuses on the next generation of psychedelic medicine by creating innovative compounds with unmatched therapeutic potential through its clinical trial efforts with world-class scientific and regulatory expertise. Founded in 2020, Mydecine is based out of Colorado, USA, with extended offices in Alberta, Canada, and Leiden, Netherlands. For more information about the company, please visit www.Mydecine.com.
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