By Marisa Wong
Milwaukee, Feb. 16 - Microbix Biosystems Inc. announced that is has completed a non-brokered stock private placement, raising C$1.3 million.
Microbix sold 3,714,286 common shares at C$0.35 per share and issued 211,000 finders warrants. Each finders warrant entitles the holder to purchase one common share at a price of C$0.37 for a period of 18 months.
A director of Microbix participated in the private placement.
The company intends to use proceeds of the private placement for general corporate purposes.
Based in Toronto, Microbix specializes in the development and commercialization of biological technologies.
| Issuer: | Microbix Biosystems Inc.
|
| Issue: | Common shares
|
| Amount: | C$1.3 million
|
| Shares: | 3,714,286
|
| Price: | C$0.35
|
| Warrants: | To purchase 211,000 common shares
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.37
|
| Agent: | Non-brokered
|
| Settlement date: | Feb. 16
|
| Stock symbol: | TSX Venture: MBX
|
| Stock price: | C$0.35 at close Feb. 12
|
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