EDMONTON, ALBERTA--(Marketwire - Dec. 6, 2007) - Innovotech Inc. (“Innovotech”)(TSX VENTURE:IOT) is pleased to announce that, subject to regulatory approval, it intends to complete a non-brokered offering of up to 3,000,000 units (“Units”) at a price of $0.60 (CAD) per Unit for gross proceeds of up to $1,800,000 (CAD) by way of a private placement (the “Private Placement”). Each Unit is comprised of one (1) common share (“Common Share”) and one-half (1/2) Common Share purchase warrant. Each whole warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.75 per Common Share for a period of one (1) year following the date of closing.
