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WEX Announces Private Placement.
- Article from:
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Canadian Corporate News
- Article date:
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November 25, 2006
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Copyright informationCOPYRIGHT 2006 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Nov 25, 2006 (CCNMatthews via COMTEX) -- WEX Pharmaceuticals Inc. ("WEX" or the "Company") (TSX:WXI) announces today that it has agreed to offer by way of private placement (the "Private Placement") an aggregate of 8,750,000 common shares at a price of $0.18 per share to purchasers in China. Closing is expected to occur on or about December 8, 2006.
The proposed private placement of 7,773,584 common shares to purchasers in China announced on August 21, 2006 did not close due to regulatory delays and market conditions.
The Private Placement is subject to certain approvals, including necessary regulatory and stock exchange approvals. The ...