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Vancouver, British Columbia – February 22, 2013 – Sirona Biochem Corp. (TSX-V: SBM, OTCQX:
SRBCF, Frankfurt: ZSB), (the “Company”) announced today a non-brokered private
placement of up to 27,000,000 units of the Company at a price of US$0.10 per
unit (each a “Unit”) for gross
proceeds of up to US$2,700,000 (the “Private
Placement”) led by U.S. Life Sciences Investor Moody Capital Solutions,
“Strong science coupled with
attractive unmet markets makes Sirona Biochem an excellent investment for us,”
said Tim Moody, President and Founder of Moody Capital. “We are impressed with
Sirona Biochem’s scientific programs and are confident in the commercial
potential of their compounds,” added Mr. Moody.
“Moody Capital has provided
funding for a number of successful life sciences companies and their support is
a testament to the value of our programs and technology platform,” said Sirona
Biochem Chief Executive Officer, Neil Belenkie. “We are thrilled by Moody
Capital’s enthusiasm for our technology and vision,” Mr. Belenkie added.
Each Unit will consist of one
common share of the Company (a “Share”)
and one transferable share purchase warrant (a “Warrant”).
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 20, 2013) – Blackheath Resources Inc. (TSX VENTURE:BHR)(FRANKFURT:04B) (“Blackheath” or the “Company“) is pleased to announce that it has increased the size of its previously-announced private placement from $1,050,000 to $1,708,000.
The non-brokered private placement will now comprise up to 4,880,000 units (the “Units“) at a price of $0.35 per Unit for aggregate gross proceeds of up to $1,708,000 (the “Private Placement“). The Units will be issued to a strategic group of investors. Each Unit will comprise one common share of the Company and one non-transferable common share purchase warrant (a “Warrant“). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.50 per share for a period of 36 months from closing of the Private Placement.
Read more here: Blackheath Increases Size of Private Placement Financing
Prophecy Coal Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2)
announces that it is undertaking a non- brokered private placement to
raise gross proceeds of up to Can. $8,400,000 (the “Placement”).
The Placement involves the issuance of up to 60,000,000 units (each a
‘Unit”) at a price of $0.14 per Unit. Each Unit consists of one common
share (a “Share”) of the Company and 0.75 of a share purchase warrant (a
“Warrant”). Each whole Warrant entitles the holder to acquire an
additional Share at a price of $0.18 per Share for a period of two years
following closing. NewMargin Prophecy Coal Ltd. (“NewMargin”), at arms
lengths to the Company, has subscribed 40 million units of this
financing. Company insiders may participate in the Placement.
The Company intends to issue a combination of Units and special
warrants (“Special Warrants”) to keep the share issuance under 25% of
the Company’s outstanding common shares. Each Special Warrant will be
automatically exercised for one Unit without payment of additional
consideration following receipt of shareholder approval, which the
Company will seek at its next annual general meeting in June.
The proceeds of the Placement will be used to prepare for Chandgana power plant construction and for general working purposes.
The Shares are subject to a minimum hold period of four months plus
one day. Finder’s fees may be paid as part of this private placement.
The Placement is subject to the approval of the Toronto Stock Exchange.
About Prophecy Coal
Prophecy Coal Corp. is a Canadian listed company engaged in
developing energy projects in Mongolia.
STE-ANNE-DES-PLAINES, QUEBEC–(Marketwire – Jan. 31, 2013) - On January 31, 2013, at approximately 7:30 p.m., Raymond Rouette, an inmate from Ste-Anne-des-Plaines Institution, a minimum security federal institution, escaped during an escorted temporary absence while in Montreal. The Correctional Service of Canada (CSC) has contacted the Service de police de la Ville de Montréal (SPVM) and a warrant has been issued for his arrest.