CALGARY, April 30 /CNW Telbec/ - ALERT B&C Corporation ("ALERT B&C" or
the "Corporation") (TSX Venture Exchange: ACB) is pleased to announce the
conclusion of the Non-Brokered Private Placement announced on December 2,
The Corporation issued a total of 1,500,000 Units at a price of $0.10 per
unit for total gross proceeds of $150,000.00. Each unit consists of one common
share and full common share purchase warrant. Each full warrant entitles the
holder to purchase one common share of the Corporation at a price of $0.15 per
share until December 16, 2009. All securities issued pursuant to the financing
are subject to a four-month hold period ending April 16, 2009.
Including the issuance of shares detailed in this news release, there are
currently 51,103,860 Common Shares issued and outstanding.
The net proceeds will be used for general corporate purposes and working
capital. Use of proceeds may also include costs associated with application
and business development.
The Corporation has taken major steps to reduce the burn rate to minimal
levels. ALERT B&C is currently operating out of its Calgary office and
University of Montreal Lab. The Corporation is currently evaluating a number
of strategic initiatives to maximize shareholder value and expects positive
negotiations through the pursuit of these initiatives.
About ALERT B&C Corporation
The Corporation is a BioDefence company dedicated to supplying the
BioDefence market with high quality technologies, products and solutions, in
order to improve and maintain the safety and the security of individuals
worldwide. The Intellectual Property owned by ALERT B&C, the MAB Technology
has been in use since 2001 by a variety of groups and is a globally recognized
technology. For more information about the Corporation visit our new website
This press release contains forward-looking statements, which reflect the
Corporation's current expectations regarding future events. The
forward-looking statements involve risks and uncertainties. Actual events
could differ materially from those projected herein. Investors should consult
the Corporation's quarterly filings and annual reports for additional
information on risks and uncertainties relating to these forward-looking
statements. The reader is cautioned not to rely on these forward-looking
statements. The Corporation disclaims any obligation to update these
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
For further information:
For further information: Mr. Kurt G.J. Soost, President & CEO, ALERT B&C
Corporation, Toll-free: 1-866-802-0366 (Canada), (403) 802-0366, Fax: (403)