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TORONTO, ONTARIO--(Marketwire - Oct. 25, 2011) - Theralase Technologies Inc. (TSX VENTURE:TLT) is pleased to announce that it has closed a previously announced non-brokered private placement (the "Private Placement") of 1,050,000 units (the "Units") at a price of Cdn $0.40 per Unit for gross proceeds of Cdn $420,000.00. Each Unit consists of one common share in the capital of the Company and one-half of one non-transferable common share purchase warrant (a "Warrant"). Each whole Warrant entitles the purchaser to purchase one additional common share (a "Warrant Share") in the capital of the Company until October 25, 2013 at a price of Cdn $0.60 per Warrant Share. The securities issued under the Private Placement including any shares issued upon exercise of the Warrants are subject to a four month hold period, expiring February 25, 2012. |
