Acasti Pharma Completes Offer to Exchange Outstanding Neptune Technologies & Bioressources Inc. Dividend Notes
LAVAL, QC, Oct. 21 /CNW Telbec/ - Acasti Pharma Inc., a pharmaceutical
subsidiary of Neptune Technologies & Bioressources Inc. ("Neptune")
(NASDAQ.NEPT - TSX.V.NTB) today announced that it has acquired a majority of
the 9,380,355 non-convertible notes issued by Neptune on August 11, 2008 in
payment of the dividend declared July 17, 2008. Acasti Pharma offered to
acquire the notes in exchange for the issuance by Acasti Pharma of up to
9,380,355 units, each unit comprised of one Class A share of Acasti Pharma and
one warrant to purchase one Class A share of Acasti Pharma, exercisable at a
price of $0.40 and expiring in two years ("the Exchange"). To complete the
Exchange, Neptune will also transfer to eligible Neptune option holders Acasti
Pharma warrants at the same exercise price of $0.40 expiring in two years.