Business
BELLUS Health provides financing update
LAVAL, QC, March 24 /CNW Telbec/ - Further to the press release issued on February 26, 2009, BELL...
About this update from Bluenergies Ltd.
[{"type":"text","content":"\n\n\n\nLAVAL, QC, March 24 /CNW Telbec/ - Further to the press release issued on\nFebruary 26, 2009, BELLUS Health Inc. (TSX: BLU) reports that, notwithstanding\nthe expiration of the previously announced financing commitments of up to $20\nmillion on March 23, 2009, it remains in discussions regarding the financing\nin respect of which the commitments were made by FMRC Family Trust and\nVictoria Square Ventures Inc. The commitments are subject to the conditions\nannounced on February 26 and discussions have taken place with a number of the\nCompany's other stakeholders. These conditions have not yet all been met.\nWhile progress has been made with these stakeholders, there can be no\nassurance that any transaction will proceed and the Company is reviewing all\nof its alternatives.\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, please call the Canada and\nUnited States toll-free number 1-877-680-4500 or visit the Web Site at\nwww.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 r...