Psyence Group Announces Closing of Private Placement & Conclusion of Loan Agreement

TORONTO, Aug. 21, 2023 (GLOBE NEWSWIRE) — Psyence Group Inc. (CSE:PSYG | OTCQB:PSYGF) (“Psyence” or the “Company”), a life science biotechnology company pioneering the use of natural psychedelics in mental health and well-being, announces that it has issued 1,056,441 common shares at a price of CAD$0.12 per common share for gross proceeds of CAD$126,773. In connection with this issuance, the Company also issued 17,691 common shares a price of CAD$0.12 per common share as payment of a finder’s fee. This brings the total amount that the Company has raised pursuant to the previously announced non-brokered private placement (“Private placement”) to CAD$4.4 million (“Aggregate Proceeds”).

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