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WINNIPEG, MANITOBA--(Marketwired - Dec. 17, 2014) - Kane Biotech Inc. (TSX VENTURE:KNE) (the "Company" or "Kane Biotech"), a biotechnology company engaged in the development of products that prevent and remove microbial biofilms, has completed the second closing of its current private placement offering (the "Offering") with additional aggregate gross proceeds to the Company of $50,000 from the sale of 1,000,000 units ("Units") at a price of $0.05 per Unit. Each Unit is comprised of one common share of the Company (a "Share") and one Share purchase warrant (a "Warrant"). Each Warrant will expire 18 months from the date the Warrant is issued (the "Expiry Date") and will entitle the holder to purchase one Share at a price of $0.06 up to the Expiry Date. The total amount raised by Kane at the first and second closings of the Offering is $1,225,000 from the sale of 24,500,000 Units. |
