Business
BELLUS Health inc. announces completion of first tranche of financing
LAVAL, QC, April 16 /CNW Telbec/ - Further to the press releases of March 31 and April 8, 2009, B...
About this update from Bluenergies Ltd.
[{"type":"text","content":"\n\n\n\nLAVAL, QC, April 16 /CNW Telbec/ - Further to the press releases of March\n31 and April 8, 2009, BELLUS Health Inc. ("BELLUS Health") (TSX: BLU) is\npleased to announce the completion of the first tranche of its previously\nannounced Cdn. $20.5 million financing.\n\n\nBELLUS Health received gross proceeds of Cdn. $10 million for the\nissuance of new convertible notes (Cdn.$5 million from Vitus Investments III\nPrivate Limited and Cdn.$5 million from Victoria Square Ventures Inc.) and a\nsecond tranche of Cdn.$10.5 (Cdn.$5 million from Vitus Investments III Private\nLimited and Cdn.$5.5 million from Victoria Square Ventures Inc.) is expected\nto be funded in June 2009.\n\n\nAbout BELLUS Health\n\n\nBELLUS Health is a global health company focused on the development and\ncommercialization of products to provide innovative health solutions to\naddress critical unmet needs.\n\n\nTo Contact BELLUS Health\n\n\nFor additional information on BELLUS Health and its drug development\nprograms, please call the Canada and United States toll-free number\n1-877-680-4500 or visit the Web Site at www.bellushealth.com.\n\n\nCertain statements contained in this news release, other than statements\nof fact that are independently verifiable at the date hereof, may constitute\nforward-looking statements. Such statements, based as they are on the current\nexpectations of management, inherently involve numerous risks and\nuncertainties, known and unknown, many of which are beyond BELLUS Health\nInc.'s control. Such risks include but are not limited to: the ability to\nobtain financing immediately in the current markets, the impact of general\neconomic conditions, general conditions in the pharmaceutical and/or\nnutraceutical industry, changes in the regulatory environment in the\njurisdictions in which the BELLUS Health Group does business, stock market\nvolatility, the availability and terms of any financing, fluctuations in\ncosts, and changes to the competitive environment due to consolidation, that\nactual results may vary once the final and quality-controlled verification of\ndata and analyses has been completed, as well as other risks disclosed in\npublic filings of BELLUS Health Inc. Consequently, actual future results may\ndiffer materially from the anticipated results expressed in the\nforward-looking statements. The reader s...