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ViRexx Medical Corp. (VIR.V) Announces Results of Rights Offering and Failure of LM Funds Corp. to Provide Standby Commitment


9/11/2008 9:50:31 AM

EDMONTON, ALBERTA--(Marketwire - September 10, 2008) - ViRexx Medical Corp. (TSX: VIR) (AMEX: REX), a company focused on developing innovative-targeted therapeutic products that offer better quality of life and a renewed hope for living announces that LM Funds Corp., the standby guarantor under its previously announced rights offering, has failed to fulfill its obligation to provide $3,000,000 CA as the Standby Purchaser for the rights offering.

Read at BioSpace.com


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