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$MRPHF $MDM.CN News – Marapharm Ventures Inc. Increases Its Investment Position in Veritas Pharma Inc. to 15 Million Shares and Warrants

Thursday, January 12, 2017 6:51
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FinancialNewsMedia.com News Alert: KELOWNA, British Columbia, – (http://www.financialnewsmedia.com News Alert) – Marapharm Ventures Inc. (OTCQB: MRPHF) (CSE: MDM.CN) (“Marapharm”) announces that is has entered into a subscription agreement to acquire 5 million 18 month $0.30 share purchase warrants of Veritas Pharma Inc. for consideration of $250,000.

“We like the Veritas Pharma business model and we know that we can play a big role in their growth. Marapharm has acquired shares and rights to acquire up to 15 million shares of Veritas, after taking into account 10 million share purchase warrants that we have. As a result of the investment, Marapharm will have the right to appoint members to the Veritas board of directors. There’s great synergy with Veritas and Marapharm and the additional investment in the share purchase warrants will provide additional capital to Veritas as they execute on their business plan.” Linda Sampson, Marapharm CEO. Read this and more news for MRPHF at http://financialnewsmedia.com/profiles/mrphf.html

On January 9, 2017 Marapharm announced that it had subscribed for 5 million units in a private placement offering of Veritas Pharma Inc., each unit consisting of 1 share and 1 share purchase warrant. The share purchase warrants acquired by Marapharm were acquired for investment purposes and Marapharm may, in its discretion acquire further securities of Veritas.

ABOUT VERITAS PHARMA INC. http://www.veritaspharmainc.com – Veritas trades in Canada, ticker symbol VRT on the CSE, in the United States, ticker symbol VRTHF on the OTC, in Europe, ticker symbol 2VP.F on the FSE.

Veritas is a discovery and development company, advancing the science behind medical marijuana. Veritas has brought together a highly accredited team of pharmacologists, anesthetists and chemists with substantial success in both academia and industry, specifically in drug development. The Veritas laboratory is located within the University of British Columbia (UBC). Veritas applies a comprehensive scientific approach to medical marijuana claims. Veritas’s mission has been to develop the most effective proprietary cannabis strains for specific disease conditions and to provide doctors…



Source: http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=948

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