Miraculins arranges $500,000 private placemen
Miraculins arranges $500,000 private placement
2007-07-16 10:17 ET - News Release
Mr. Christopher Moreau reports
MIRACULINS ANNOUNCES PRIVATE PLACEMENT OFFERING
Miraculins Inc. has arranged a non-brokered private placement offering of up to 1.25 million units at a price of 40 cents per unit for gross proceeds of up to $500,000. Each unit consists of one common share of the company and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one share at a price of 65 cents per share for a period of 12 months from the date the closing of the offering.
Certain persons may assist the company by introducing potential subscribers for the offering and, subject to compliance with applicable legislation, will be entitled to receive a finder's fee, payable in cash and share purchase warrants, as permitted by law.
The net proceeds of the offering will be used for the company's research and development program, and for working capital purposes.
The offering is subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
We seek Safe Harbor.
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