Microbix Biosystems Inc. Completes $6.825 Million Private Placement

TORONTO, Nov. 13 /CNW/ - Microbix Biosystems Inc. (TSX:MBX) is pleased to announce that it has completed a brokered private placement financing totaling $6.825 million, resulting in the issue of 6.5 million units at a price of $1.05 per unit. Each unit comprises one common share of Microbix and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of Microbix until November 13, 2012, at $1.26 per share. The financing was led by Dundee Securities Corporation and included J.F. Mackie & Company Ltd.