BioExx Specialty Proteins Ltd BIXZF

Healthcare Biotechnology

"Bioexx Specialty Proteins Inc is engaged in the development and commercialization of processing technologies, for use in the extracting various active ingredients from organic and inorganic materials. The company's primary focus is on the production of proteins from canola and other oilseed feedstocks. Its products include Isolexx, a protein isolate for use in bakery products, meat products, vegetarian food products and meat analogues, and nutritional and protein bars, drinks, and supplements;

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BioExx Specialty Proteins Ltd > BioExx signs binding agreements for Saskatoon assets

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Comment by gadfly222on Jul 09, 2013 11:52am

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Post# 21596465

RE:BioExx signs binding agreements for Saskatoon assets

Re:

"In order to obtain the consent of its debenture holders to the asset sales outlined above, the company has offered debenture holders 10 share purchase warrants for every $1 of principal amount of debentures held by them (each such whole warrant entitling the holder to purchase one additional common share in the capital of the company at an exercise price of five cents for a period of 24 months from its date of issuance), as well as an increase in the redemption premium the company would pay should it opt to redeem any debentures in advance of their maturity in November, 2015. "

So what does this really mean on different levels.... thoughts on this?

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