By Laura Lutz
Des Moines, May 11 - Medicago Inc. plans to conduct a private placement of units for up to C$5 million.
The company plans to sell a maximum of 10 million units and a minimum of 4 million units at C$0.50 per unit.
Each unit consists of one share and one warrant. Each warrant will be exercisable at C$0.75 for two years.
Dundee Securities Corp. will act as agent.
Medicago is a biotechnology company based in Quebec City.
| Issuer: | Medicago Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$5 million
|
| Units: | 10 million (maximum); 4 million (minimum)
|
| Price: | C$0.50
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.75
|
| Agent: | Dundee Securities Corp.
|
| Pricing date: | May 11
|
| Stock symbol: | TSX Venture: MDG
|
| Stock price: | C$0.80 at close May 11
|
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