Press release article from our research archive:

Orbus Announces an Approximate $7,500,000 Private Placement.

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 ...

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