New Issue: Valcent raises $3.54 million in private placement of units

By Devika Patel

Knoxville, Tenn., Dec. 11 - Valcent Products Inc. took in $3.54 million in a non-brokered private placement of units.

The company sold 5,907,726 units at $0.60 apiece. Each unit consists of one common share and one half-share warrant, with each whole warrant exercisable at $0.75 for two years.

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

Located in El Paso, Texas, Valcent develops skin-care products.

Issuer:	Valcent Products Inc.
Issue:	Units of one common share and one half-share warrant
Amount:	$3,544,636
Units:	5,907,726
Price:	$0.60
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	$0.75
Agent:	Non-brokered
Settlement date:	Dec. 11
Stock symbol:	OTCBB: VCTPF
Stock price:	$0.70 at close Dec. 11

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