By Sheri Kasprzak
New York, Dec. 14 - Millenium Biologix Corp. said it wrapped a private placement for C$15,143,250.
The company issued 60,573,000 units at C$0.25 each to a group of investors led by BioScience Managers Ltd.
The units include one share and one half-share warrant. The whole warrants allow for the purchase of another share at C$0.45 each for three years.
The deal was first announced Nov. 18 as a C$15 million offering of at least 60 million units under the same terms.
The offering was placed through a syndicate of underwriters led by Canaccord Capital Corp. and RBC Capital Markets, and including Clarus Securities Inc. and Toll Cross Securities Inc.
Proceeds will be used for research and development, corporate expansion, sales and marketing and general corporate purposes.
In other news, Millenium said it appointed Jeremy Curnock Cook as chairman of its board of directors.
Based in Kingston, Ont., Millenium is a biomedical company focused on developing minimally invasive medical devices and skeletal tissue regeneration products for orthopedic uses.
| Issuer: | Millenium Biologix Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$15,143,250
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| Units: | 60,573,000
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Three years
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| Warrant strike price: | C$0.45
|
| Underwriters: | Canaccord Capital Corp (co-lead), RBC Capital Markets (co-lead); Clarus Securities Inc., Toll Cross Securities Inc.
|
| Pricing date: | Nov. 18
|
| Settlement date: | Dec. 14
|
| Stock price: | C$0.295 at close Nov. 18
|
| Stock price: | C$0.285 at close Dec. 14
|
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