TORONTO, Feb. 7, 2013 /CNW/ - BIOSENTA INC. (CNSX: ZRO) (the "Company") is pleased to announce that the first tranche of a
private placement of units previously announced by news release on
January 30, 2013 at a price of $0.15 per unit for gross proceeds of up
to $600,000 (the "Offering"), has closed. The Company issued and sold
800,004 units, each unit consisting of one Class A Share and one half
of one Class A Share purchase warrant. Each whole warrant will entitle
the holder to purchase one additional Class A Share in the capital of
the Company (a "Warrant Share") at an exercise price of $0.20 per
Warrant Share to the extent such Warrant is exercised on or before the
date that is 18 months from February 4, 2013. In connection with the
issue and sale of the units, the Company paid finders' fees in the
aggregate amount of $9,600 and issued 58,666 warrants to acquire Class
A shares at a price of $0.20 per share the extent such warrants are
exercised on or before the date that is 18 months from February 4,
2013. All securities issued will be subject to a four-month hold
About Biosenta Inc.
Biosenta Inc.'s line of retail anti-microbial products will effectively
kill mould, bacteria and fungi on contact and prevent re-growth. These
products address the demand created by the mounting health and
environmental concerns. Mould can affect the immune system, nervous
system, liver, kidneys, blood and cause brain damage.
Biosenta will also manufacture and distribute ananti-microbial filler.
Calcium Carbonate is one of the most common fillers used industrially.
It is susceptible like other fillers that hold moisture to attracting
mould. Annual global revenue in the calcium carbonate filler industry
approximates 140 billion dollars. Biosenta will produce anti-microbial
filler that performs 'filling' and 'bulking' functions like calcium
carbonate. Biosenta's filler product will not attract moisture and
consequently mould infestation. Biosenta's filler with its
anti-microbial high ph core in individual particles will enhance
commercial product life and eradicate a broad spectrum of known
bacteria, fungi, algae and other micro-organisms by suppression of
This release may contain forward-looking statements information and
statements which constitute "forward-looking information" under
Canadian securities law and which may be material regarding, among
other things, the Company's beliefs, plans, objectives, estimates,
intentions and expectations with respect to its capital and funding
plans. Inherent in the forward-looking information and statements are
known and unknown risks, uncertainties and other factors beyond the
Company's ability to control or predict, which give rise to the
possibility that the Company's predictions, forecasts, expectations or
conclusions will not prove to be accurate, that its assumptions may not
be correct and that the Company's plans, objectives and statements will
not be achieved. Actual results or developments may differ materially
from those contemplated by the forward-looking information and
statements. Consequently, undue reliance should not placed on such
On behalf of the Board of Directors of Biosenta Inc.
The CNSX has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved of the contents of
this press release. Neither the CNSX nor its Regulation Services
Provider (as such term is defined in the policies of the CNSX) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: BIOSENTA Inc.
For further information:
Bruce Lewis, President & Chief Executive Officer
1120 Finch Avenue West, Suite 503,
Toronto, Ontario M3J 3H7
(416) 410 2019
Investor Relations contact:
Investor Cubed Inc.