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Published on 3/7/2006 in the Prospect News Biotech Daily and Prospect News PIPE Daily.

New Issue: Helix BioMedix completes $2.38 million placement of stock

By Sheri Kasprzak

New York, March 7 - Helix BioMedix, Inc. said it wrapped a $2,383,000 private placement of stock.

The company issued 2,383,000 shares and issued warrants for 238,000 shares to 13 accredited investors.

The warrants are exercisable at $1.00 each through March 3, 2011.

Based in Bothell, Wash., Helix BioMedix develops chemicals used in skin care products.

Issuer:Helix BioMedix, Inc.
Issue:Stock
Amount:$2,383,000
Shares:2,383,000
Price:$1.00
Warrants:For 238,000 shares
Warrant expiration:March 3, 2011
Warrant strike price:$1.00
Settlement date:March 3
Stock symbol:OTCBB: HXBM
Stock price:$0.81 at close March 3

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