|
|
Article: Bontan Corporation Inc. raising up to US$700,000 in private placement.
- Article from:
- Science Letter
- Article date:
- December 30, 2008
CopyrightCOPYRIGHT 2008 NewsRX. 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)
|
Bontan Corporation Inc. (OTCBB: BNTNF) announces that the Board of Directors has approved on December 12, 2008 a private placement to be offered to the participants of its 2006 private placement and other selected accredited investors involving up to 10 million Common Shares of the Company at US$0.07 per share for a gross proceeds of up to US$700,000. There shall be no warrants. The shares will be restricted as per regulatory requirements (see also Bontan Corporation Inc.).
The Private Placement is expected to close ...