Business
Microbix Completes $600,250 Private Placement
Microbix Completes $600,250 Private Placement
About this update from Microbix Biosystems Inc.
[{"type":"text","content":"\n\n\n\n Dec. 6, 2010 (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 DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR\n DISSEMINATION IN THE UNITED STATES/\n\n\nTORONTO, Dec. 6 /CNW/ - Microbix Biosystems Inc. (TSX:MBX) ("Microbix" or the "Company"), a biotechnology company\n focused on virology and biological technologies, today announced the\n closing of a small private placement resulting in the issue of\n 1,715,000 units at a price of $0.35 per Unit. Each unit consists of one\n common share of Microbix and one common share purchase warrant. Each\n Warrant entitles the holder to purchase one additional common share at\n an exercise price of $0.55 for a period of 18 months.  The Company also\n issued 115,000 finders warrants in connection with the private\n placement.  Each finders warrant entitles the holder to purchase one\n Unit of the Company at a price of $0.37 per Unit for a period of 18\n months.\n\n\nThe financing was non-brokered. The Company intends to use the proceeds\n of the private placement for general corporate 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. The securities described herein have not been and will not be\n registered under the United States Securities Act of 1933, as amended,\n and may not be offered or sold in the...