By Devika Patel
Knoxville, Tenn., July 17 - ALDA Pharmaceuticals Corp. said it will conduct a C$1.5 million private placement of units.
The company will sell 6 million units of one common share and one warrant at C$0.25 apiece. Each warrant is exercisable at C$0.40 for one year.
ALDA, based in Vancouver, B.C., has developed a family of wide spectrum, non-toxic, non-corrosive, biodegradable infection control products based on its patent-pending T(3)6(R) technology.
| Issuer: | ALDA Pharmaceuticals Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 6 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
|
| Pricing date: | July 17
|
| Stock symbol: | TSX Venture: APH
|
| Stock price: | C$0.33 at close July 17
|
| Market capitalization: | C$16.5 million
|
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