TORONTO, Jan. 16, 2013 /CNW/ - Biosign Technologies Inc. (TSXV: BIO) (the "Company") announced today an amendment to the scheduled closing
applicable to an additional subscription of 6,000,000 units of the
Company (the "Units") at a purchase price of $0.05 per Unit, which
formed part of its previously announced private placement financing
(see news releases issued on November 29, 2012 and December 21, 2012).
Each Unit is comprised of one common share and one common share
purchase warrant. Each common share purchase warrant is exercisable for
a two-year period at $0.05 per share during the first 12 months and
$0.10 per share in the second twelve months.
Under the revised closing schedule, the second 6,000,000 Unit private
placement is now scheduled to close as follows: $150,000 on January 28,
2013, $75,000 on February 14, 2013 and $75,000 on March 14, 2013.
Biosign CEO Robert Kaul stated: "We have agreed to our investor's
request to slightly extend the scheduled closing of the second tranche
of our private placement. This extension is not expected to disrupt
the Company's ability to continue with its corporate development
strategies, which include increased sales into the United States,
Canada and Europe."
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: Biosign Technologies Inc.
For further information:
Biosign Contact Information
Chief Executive Officer
Phone: (416) 218-9800 ext. 201