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Sirona Biochem Corp Announces Non-Brokered Private Placement Of Up To 27,000,000 Units


Friday, 22 Feb 2013 12:24pm EST 

Sirona Biochem Corp announced a non-brokered private placement of up to 27,000,000 units of the Company at a price of USD0.10 per unit (each a Unit) for gross proceeds of up to USD2,700,000 (the Private Placement) led by U.S. Life Sciences Investor Moody Capital Solutions, Inc. Each Unit will consist of one common share of the Company (a Share) and one transferable share purchase warrant (a Warrant). Each Warrant will entitle the holder to purchase one additional Share of the Company at any time for two years from the closing date of the Private Placement at a price of $0.15 per Share. The Company is proposing to pay a finder's fee (the Finder's Fees) to finders comprised of a cash fee representing up to 10% of the total proceeds of the Private Placement placed by such finder and warrants (the Finder's Warrants) up to 10% of the number of Units the finder sells in the Private Placement. The Finders' Warrants will be exercisable into one additional Share of the Company at a price of $0.15 per Share for a period of two years from the closing date of the Private Placement. The Company intends to use the proceeds from the Private Placement for research and development, operations, and business development activities. 

Company Quote

0.11
-0.0050 -4.35%
1:03pm EDT