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Med BioGene concludes C$2 million private placement
By Sheri Kasprzak
New York, May 5 - Med BioGene Inc. has completed a C$2 million private placement as part of its acquisition of Dragon-Tex (Group) Ltd.
The terms of the offering could not be determined by press time Friday.
Blackmont Capital Inc. was the placement agent.
Based in Vancouver, B.C., Med BioGene is a biotechnology company focused on gene expression technology.
On Friday, the stock gained 5 cents to settle at C$0.40 (TSX Venture: MBI).
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