Greenbrook TMS sells 6M shares at 20c in registered direct offering

Greenbrook TMS announced that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 6M common shares at a purchase price of 20c per share pursuant to a registered direct offering, resulting in gross proceeds of approximately $1.2M before deducting placement agent commissions and other estimated offering expenses. The closing of the offering is expected to occur on or about February 26, subject to the satisfaction of customary closing conditions. The company intends to use the net proceeds for working capital as well as for general corporate purposes. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.