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Lancaster Resources Inc. — Capital/Financing Update 2021
Jan 8, 2021
47911_rns_2021-01-08_69f90b45-f68a-4cc8-91f3-d1bb3a388b62.pdf
Capital/Financing Update
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Form 51-102F3 Material Change Report
Item 1: Name and Address of Company
NeonMind Biosciences Inc. (the “ Company ”) Suite 200 – 1238 Homer Street Vancouver, BC V6B 2Y5
Item 2: Date of Material Change
December 30, 2020 and January 4, 2021
Item 3: News Release
A news release was issued and disseminated on December 30, 2020 via www.baystreet.com and www.stockwatch.com and filed on SEDAR at www.sedar.com.
Item 4: Summary of Material Change
On December 30, 2020, the Company announced that it had closed its initial public offering (the “Offering”) of 46,000,000 units of the Company (the “Units”) at a price of $0.10 per Unit, including ‐ 6,000,000 in additional Units pursuant to the exercise in full of the over allotment option (the “Over-Allotment Option”). The Company also announced that its common shares (“Shares”) were listed on the Canadian Securities Exchange (“CSE”) under the ticker symbol “NEON” effective December 29, 2020 and were immediately halted pending the closing of the Offering.
On January 4, 2021, the Company announced that it commenced trading on the CSE under the ticker symbol "NEON".
Item 5: Full Description of Material Change
On December 30, 2020, the Company announced that it had closed the Offering of Units, including the exercise in full of the Over-Allotment Option. A total of 46,000,000 Units at a price of $0.10 per Unit were sold under the Offering. Each Unit consists of one common share of the Company and one share purchase warrant to purchase one additional common share of the Company at a price of $0.20 per share until December 30, 2021. The gross proceeds from the Offering, before deducting agent fees and estimated offering expenses, were $4.6 million.
The Shares were listed on the CSE effective December 29, 2020, and halted pending completion of the Offering.
On January 4, 2021, the Company announced that its Shares resumed trading on the CSE under the ticker symbol “NEON” effective January 4, 2021.
Item 6: Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7: Omitted Information
None.
Item 8: Executive Officer
Penny White CEO and President Telephone: (833) 514-2677
Item 9: Date of Report
January 8, 2021