Blogs

Ondine Biopharma Announces $400,000 Private Placement Equity Financing

Company:
Ondine Biopharma Corporation
Deal Amount:
$0Million

Vancouver, Canada – February 17, 2009 - Ondine Biopharma Corporation (TSX: OBP; AIM: OBP) (the “Company”) a medical technology company developing photodisinfection based products, today announced it has closed the first tranche of its previously announced non-brokered private placement by issuing 6,970,000 common shares at a price of $0.06 per share for aggregate gross proceeds of C$418,200 to qualified investors pursuant to applicable exemptions.

Lignol Announces $1 Million Private Placement

Company:
Lignol Energy Corporation
Deal Amount:
$1Million

VANCOUVER, Feb. 12 - Lignol Energy Corporation (TSX-V: LEC) ("Lignol" or "the Company"), a leading technology company in the cellulosic ethanol and biorefining sector, today announced that it has entered into a definitive agreement with respect to a non-brokered private placement for 2,451,482 of its common shares to be completed in two separate closings. The shares are being sold at a price of $0.41 per share for aggregate gross proceeds to the Company of $1,005,107.62.

Forbes Medi-Tech Provides Update on Additional $800,000 Funding from Non-Dilutive Funding Transaction

Company:
Forbes Medi-Tech Inc.
Deal Amount:
$0Million

VANCOUVER, BC -- Forbes Medi-Tech Inc. (TSX:FMI; NASDAQ:FMTI) ("Forbes" or "Company") announced today that its subsidiary known as Forbes Medi-Tech Operations Inc. ("FMTO") or "3887685 Canada Inc." is undertaking a transaction that, upon closing and subject to certain conditions, will provide Forbes with an opportunity to realize an anticipated minimum of approximately $800,000 in additional funding from its Non-Dilutive Funding Transaction, which was originally announced on March 20, 2008, with the subsequent closing announced on May 12, 2008.

Nexterra recieves $3 Million from BC Bioenergy Network for Biomass Pilot Projects

Company:
Nexterra Energy Corp.
Deal Amount:
$3Million

VANCOUVER – The $25-million provincially funded BC Bioenergy Network is awarding almost $5 million in funding to two biomass pilot projects.

“These pilot projects will help to further strengthen British Columbia’s environmental leadership, long-term competitiveness and electricity self-sufficiency,” said Energy, Mines and Petroleum Resources Minister Blair Lekstrom. “By converting wood waste into clean energy, these projects will help ensure that we meet our province’s future energy demands while at the same time supporting economic growth and job creation.”

British Columbia Bioenergy Network Grants $1.82 Million Funding to Lignol

Company:
Lignol Energy Corporation
Deal Amount:
$1Million

VANCOUVER, Feb. 4 - Lignol Energy Corporation (TSX-V: LEC) ("Lignol" or "the Company"), a leading technology company in the cellulosic ethanol and biorefining sector, today announced that a project led by its wholly-owned subsidiary, Lignol Innovations Ltd. has been awarded up to $1.82 million in funding assistance from BC Bioenergy Network Association ("BCBN").

Mixpo Rocks $4M Investment and Rolls to AlwaysOn OnMedia NYC

Deal Amount:
$4Million

From RealSEO - http://www.reelseo.com/mixpo-rocks-rolls/

Today, Anupam Gupta, the CEO for Mixpo, an online video advertising platform that we’ve covered in-depth, will be accepting the OnMedia 100 award at the AlwaysOn OnMedia NYC Conference. In addition, the company announced today that it had received a $4 million follow-on investment, led by Madrona Venture Group. Today’s news comes on the heels of five new partnerships with local media publishers, including leaders such as NBC Local Media, Tribune and Freedom Communications, announced last week.

iCo Therapeutics Closes First Tranche of Non-Brokered $500,000 Private Placement

Company:
iCo Therapeutics Inc.
Deal Amount:
$0Million

VANCOUVER, Canada— iCo Therapeutics Inc. (TSX-V: ICO) is pleased to announce that it has completed the first tranche of a non-brokered private placement in the amount of $582,750 through the issuance of 2,913,750 Units at a subscription price of $0.20 per Unit. Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one-half of a Common Share purchase warrant (a “Warrant”).

Ondine Biopharma Announces $1 Million Private Placement Equity Financing

Company:
Ondine Biopharma Corporation
Deal Amount:
$1Million

Vancouver, Canada – January 23, 2009 - Ondine Biopharma Corporation (TSX: OBP; AIM: OBP) a medical technology company developing photodisinfection based products, today announced it intends to issue, via a non-brokered private placement (the “Offering”), 17,000,000 common shares at a price of $0.06 per share for aggregate gross proceeds of C$1.02 million, to qualified investors pursuant to applicable exemptions. The common shares issued under the Offering will be subject to a four month hold period from the closing date under Canadian Securities legislation.

Government of Canada Investment $2.8 million in Forestry, Pulp and Paper Technology

Deal Amount:
$208Million

The Honourable Lynne Yelich, Minister of State for Western Economic Diversification, announced a Government of Canada investment of over $2.8 million toward the development and commercialization of world leading Canadian bio-energy technologies.

"This innovative technology-based system will increase productivity in pulp and paper mills by reducing energy costs," said Minister of State Yelich. "It will also generate new economic opportunities and improve competitiveness."

Ballard Security Holders Approve Transaction for $41Million Non-Dilutive Financing

Company:
Ballard Power Systems
Deal Amount:
$41Million

Ballard Power Systems Inc. (TSX: BLD)(NASDAQ: BLDP) announced that securityholders have approved the previously announced transaction with Superior Plus Income Fund (TSX: SPF.UN)(www.superiorplus.com) to reorganize the Company's business, resulting in a non-dilutive financing with net cash proceeds of approximately C$41 million (US$34 million). Of the securities voted, 98.3% were voted in favor of the transaction.

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