Article: Bontan announces changes in the terms of its outstanding warrants.

Bontan Corporation Inc. (OTCBB: BNTNF) ("Bontan" or "the Company") announced that the Board of Directors of the Company ("the Board") approved on December 12, 2008 changes in the terms of warrants issued under its 2006 Private Placement (see also Bontan Corporation Inc.).

On April 13, 2006, the Company completed a private placement under which it issued 11,440,000 warrants which can be converted into ...

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