LVTTF - Levitee Labs appoints CEO; raises $1.5M via private offering of units

Levitee Labs (OTCPK:LVTTF) appointed Philip van den Berg as CEO and board member replacing Pouya Farmand who will be moving to the position of founder. Farmand will also be stepping down from the board. Philip van den Berg has been appointed as interim CEO Chief Executive Officer of Levitee Labs effectively immediately. Van den Berg is the Co-Founder and current CFO of Halo Labs and co-founder of Olympus Capital. The company also said it has closed the first tranche of its previously announced non-brokered private placement offering of 7.5M units at $0.20/unit for gross proceeds of $1.5M. Each warrant will be exercisable at 40 cents per share. The proceeds raised will be used for general working capital purposes, marketing, and investor relations activity.

For further details see:

Levitee Labs appoints CEO; raises $1.5M via private offering of units