Kane Biotech Inc. (TSX VENTURE: KNE) (the "Company"), a leading biofilm company, today announces an increase in the size of its previously announced private placement offering (the "Offering") of up to 2,181,818 units ("Units") at a price of $0.55 per Unit for gross proceeds of up to $1,200,000. Due to strong demand for the Offering, the Company has determined to increase the size of the Offering to 2,727,273 Units at a price of $0.55 per Unit for gross proceeds of up to $1,500,000. Each Unit will still be comprised of one common share of the Company (a "Share") and one half of one Share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one Share at a price of $0.70 per Share for a period of 18 months from the date of issuance of the Warrant. All other terms of the Offering remain the same.
