PURE Bioscience wraps $8.44 million; Intelligentias sells $10 million; Goldbrook closes C$2.33 million

By LLuvia Mares

New York, Oct. 23 - Leading PIPEs news, PURE Bioscience announced Tuesday it settled an $8.44 million equity financing of units.

"We are extremely gratified by this vote of confidence by our investors. This capital raise represents another step on the road toward the listing of our stock on a national exchange," said Michael L. Krall, company president and chief executive officer, in a press release. "We have several sales and distribution agreements in process and look forward to 2008 being our breakout year."

The company sold 1,677,596 units at $5.03 per share, each unit consisted of one share and one quarter warrant to purchase stock at $7.17 per share.

A total of 419,394 warrants were issued to a group of accredited investors. The warrants expire in five years.

The purchase price per share represented an approximate 11% discount to the average closing bid price for the 10 trading days ending Oct. 18.

The company's stock (OTCBB: PURE) closed at $6.95 on Tuesday, down $0.30 from Monday's close of $7.25.

Taglich Brothers, Inc. was the placement agent.

Proceeds will be used for business development, research and development, working capital and other general corporate purposes.

San Diego-based PURE develops and markets technology-based bioscience products.

Intelligentias sells $10 million

Intelligentias, Inc. completed a $10 million private placement of series A preferred stock with investor Kingdon Capital Management, LLC.

"I think that this funding is validation of the market size and our ability to capture a significant share of the business. I look forward to working with Kingdon," said Ian W. Rice, company chairman and chief executive officer, in a press release.

Intelligentias sold 12.5 million shares of series A convertible preferred stock at $0.80 each along with market warrants for up to 6.25 million shares and premium warrants for up to 5 million shares.

Each preferred share is convertible into one common share.

The market warrants are exercisable at $1.25 per share, and the premium warrants are exercisable at $1.80 per share.

Intelligentias' stock (OTCBB: ITLI) closed at $1.36 Tuesday, down $0.20 from Monday's $1.38 close.

Intelligentias will use the proceeds to expand its global sales and marketing team and for general corporate purposes.

The placement was non-brokered.

Located in San Francisco, Intelligentias provides data-retention, tracking and investigation services for telecommunications companies, internet service providers and law enforcement agencies.

Goldbrook closes C$2.33 million in first tranche

Goldbrook Ventures Inc. settled the first tranche of a C$2.795 million non-brokered private placement of flow-through units, raising C$2,334,900.

The company sold 5.43 million units in the first tranche, which settled on Monday.

As previously reported, Goldbrook plans to sell a total of 6.5 million flow-through units of one flow-through common share and one half-share warrant at C$0.43 apiece. Each whole warrant will be exercisable for one common share at C$0.50 for three years.

The securities have a four-month hold period.

PI Financial Corp. will receive a finder's fee.

Goldbrook's stock (TSX Venture: GBK) closed at C$0.39, up C$0.03 from Monday's C$0.37 close.

Proceeds will be used for exploration.

Goldbrook is a resource exploration company based in Vancouver, B.C.

Adex negotiates C$3 million

Adex Mining Inc. announced it plans a C$3 million private placement of shares.

The company will sell up to 5 million flow-through common shares at C$0.60 apiece. The shares will have a four-month hold period.

A syndicate led by Jennings Capital Inc. and including Paradigm Capital Inc. will be the agents for this deal. The agents have a greenshoe for an additional 1 million flow-through shares, or C$600,000.

The agents will be paid a 7% cash commission and receive a number of non-transferable broker warrants equal to 7% of the number of shares sold, with each warrant exercisable at C$0.60 for 16 months.

The company's stock (TSX Venture: ADE) closed at C$0.47, down C$0.4 from Monday's C$0.51close.

Proceeds of the deal, scheduled to close on Nov. 8, will be used for exploration.

Based in Toronto, Adex Mining is a development stage company that has not yet generated revenue from mining operations. The company holds the subsurface mineral rights to approximately 4,000 acres in the Mount Pleasant mine area of New Brunswick, Canada. The principal metals include tungsten, molybdenum, tin and indium.

Pinetree settles C$72.19 million

Pinetree Capital Ltd. closed a C$72,187,500 private placement of units. The deal priced on Oct. 10 for C$48 million, was boosted to C$65.625 million on Oct. 12 and had a 10% greenshoe added on Oct. 15. The greenshoe was exercised in full.

The company sold 13.75 million units of one common share and one half-share warrant at C$5.25 per unit. The original price of the units was to have been C$6.00. Each whole warrant is exercisable at C$6.50 for five years.

As previously reported, the deal was conducted by syndicate of agents led by Genuity Capital Markets and including Westwind Partners Inc. The agents were paid C$3,760,313 in cash and compensation options exercisable for up to 756,250 common shares at C$5.30 per share, also lowered from C$6.00, for two years.

Pinetree Capital's stock (Toronto: PNP) settled at C$4.88, up C$0.15 from Monday's close at C$4.73.

Proceeds will be used for future investment activities and for general corporate purposes.

Pinetree is an investment banking company based in Toronto.

Columbia Metals wraps C$4.25 million

Columbia Metals Corp. Ltd. completed a C$4.25 million private placement of units.

The company sold 25 million units at C$0.17 each. Each unit consists of one common share and one half share warrant. Each whole warrant is exercisable at C$0.25 for the two years.

One of Columbia's directors bought approximately 5% of the private placement.

The company's stock (TSX Venture: COL) closed at C$0.19, up C$0.005 from Monday's C$0.185 close.

The company paid C$379,270 in finder's fees to Transglobe Financial Advisors Inc., INTAC (BVI) International Investments Ltd., Blackmont Capital Inc. and Natalja Lachozka.

Proceeds will be used for rehabilitation work at the company's Lluvia de Oro gold mine and for general working capital purposes.

Based in Toronto, Columbia Metals is a mineral exploration company which acquires, explores and develops mineral properties located primarily in Mexico.

Pryme raises A$3.7 million

Pryme Oil & Gas announced it has raised A$3.7 million in a private placement of shares and options.

The company sold 11,562,500 ordinary shares at A$0.32 each. The company also issued 1,552,500 options. "This is an excellent result for the company as we are producing natural gas directly into the market. Our pre-planning and time spent in laying our discharge line and testing this well effectively has definitely been worth the wait," said Justin Pettett, Pryme's company managing director, in a press release.

Each option entitles the option holder to buy one ordinary share at A$4.50 for two years.

The company's stock (Australia: PYM) closed at A$0.34 Tuesday.

Proceeds will be used for drilling and development of the company's Turner Bayou and Raven projects.

Pryme is a Brisbane, Australia-based company which acquires, explores and develops oil and gas prospects in the United States.

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