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Orbus Announces an Approximate $7,500,000 Private Placement.
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M2 Presswire
- Article date:
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June 22, 2007
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Copyright informationCOPYRIGHT 2007 M2 Communications Ltd. 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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M2 PRESSWIRE-22 June 2007-Orbus Pharma Inc.: Orbus Announces an Approximate $7,500,000 Private Placement(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:21062007
Toronto, Ontario CANADA - Orbus Pharma Inc. (ORB - TSX), ("Orbus") is pleased to announce today a proposed marketed Private Placement of Units in the amount of approximately $5,000,000, on a best efforts basis, led by Loewen, Ondaatje, McCutcheon Limited and a non-brokered private placement of approximately $2,500,000. Each Unit will consist of one common share and one half common share purchase warrant with an issue price of $0.50 per unit. Each whole warrant comprising one common share is priced at $0.65 for a ...