Business
Microbix Announces $140,000 Private Placement
Apr. 1, 2011 (Canada NewsWire Group) -- /NOT INTENDED FOR DISSEMINATION IN THE UNITED STATES ...
About this update from Microbix Biosystems Inc.
[{"type":"text","content":"\n\n\n Apr. 1, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT INTENDED FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION TO\n UNITED STATES NEWSWIRE SERVICES/\n\n\nTORONTO, April 1 /CNW/ - Microbix Biosystems Inc. (TSX: MBX) ("Microbix"\n or the "Company"), a biotechnology company focused on virology and\n biological technologies, today announced the closing of the first\n tranche of a private placement resulting in the issue of 400,000 Units\n at a price of $0.35 per Unit. Each unit consists of one common share of\n Microbix and one-half common share purchase warrant. Each whole Warrant\n entitles the holder to purchase one additional common share at an\n exercise price of $0.45 for 24 months.\n\n\nThe Company also paid a commission of 7% of the gross proceeds of the\n private placement and issued 28,000 finder's warrants, each finder's\n warrant entitles the holder to purchase a Unit at a price of $0.42 per\n Unit for 24 months. The financing was non-brokered. The Company intends\n to use the proceeds of the private placement for general corporate\n purposes.\n\n\nThe securities issued in the private placement are subject to hold\n period of four months and one day from the date of issue. The private\n placement remains subject to the final approval of the Toronto Stock\n Exchange.\n\n\nThe securities described herein have not been and will not be registered\n under the United States Securities Act of 1933, as amended, and may not\n be offered o...