![]() ![]() In connection with the Financing, Novamind issued 10,000,000 subscription receipts (“ Subscription Receipts“) at a price of CAD$1.00 per Subscription Receipt. The parties expect the Resulting Issuer to begin trading on the Canadian Securities Exchange (the “ CSE“) under the ticker symbol “NM” upon completion of the Transaction, which remains subject to customary conditions, including shareholder approval and the approval of the CSE. On November 17 th, 2020, Novamind and Hinterland announced the completion of a definitive amalgamation agreement, pursuant to which Novamind will complete a reverse takeover transaction (the “ Transaction“) with Hinterland with the combined company to be named Novamind Inc. In the same transaction, Novamind also acquired Cedar Clinical Research LLC, a dedicated clinical research organization (CRO) with a track record for leading clinical trials and research studies for psychedelic medicines. Novamind later announced the acquisition of Utah-based Cedar Psychiatry LLC, which has administered over 3,000 ketamine-assisted psychotherapy treatments since 2016 and is widely recognized as a leader in psychedelic-assisted psychotherapy. Novamind’s acquisition and investment strategy began in 2019 with its investment in the Synthesis Institute, a renowned legal psilocybin retreat in the Netherlands. Novamind is well capitalized to grow its network of outpatient mental health clinics and clinical research sites, both organically and through acquisitions, with the goal of expanding patient access to alternative mental health treatments, including psychedelic-assisted psychotherapy.” ![]() “The close of this $10 million round and our anticipated CSE listing are important milestones that will enable us to execute our business plan from a position of strength. “The overwhelming support from new and existing shareholders and the interest we received from institutional and retail investors are a testament to the strength of our team, our business model and our opportunities for growth,” said Yaron Conforti, Chief Executive Officer and Director of Novamind. With this latest round, Novamind has raised a total of CAD$15.3 million since its inception in 2019. (“ Hinterland“) and Novamind Ventures Inc. (“ Novamind” or the “ Company“), a leading mental health and wellness company specialized in psychedelic-assisted psychotherapy, today announced that Novamind has closed an oversubscribed private placement of subscription receipts (the “ Financing“), raising aggregate gross proceeds of CAD$10.0 million, twice the original CAD$5.0 million target. TORONTO, ON / ACCESSWIRE / Novem/ Hinterland Metals Inc. Any failure to comply with this restriction may constitute a violation of U.S. newswire services or for dissemination in the United States. Anticipates trading on CSE under ticker symbol “NM” upon completion of RTO.
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