Cardiol Therapeutics closes $10.5 million private placement

24 May 2018

On May 24, 2018, Cardiol Therapeutics Inc. ("Cardiol") announced the successful closing of a brokered private placement of approximately $10.5 million principal amount of unsecured convertible debentures of the company. AltaCorp Capital Inc. acted as exclusive financial advisor to Cardiol and sole agent on the private placement. 

Cardiol is a nanotherapeutics company focused on advancing the treatment of heart failure by developing proprietary formulations designed to deliver cannabinoids and other drugs to inflamed tissue in the heart. 

Gowling WLG advised Cardiol with respect to this private placement with a team that included Brett Kagetsu, Denis Silva, Bahar Hafizi, Bryce Kraeker and Tara Amiri-Khaledi, assisted by paralegal Toni Vodola. 

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