RENO, NV--(Marketwire - July 07, 2008) - MabCure Inc. (OTCBB: MBCI) (the "Company" or "MabCure") -- The Company is pleased to announce that it has completed today a private placement of 1,300,000 units at a price of US$1.00 per unit for aggregate proceeds of US$1,300,000. Each unit consists of: (i) one share in the common stock of the Company, (ii) one common stock purchase warrant exercisable at a price of US$1.25 per share for a period of one year from the date of closing and (iii) one common stock purchase warrant exercisable at a price of US$1.25 per share for a period of two years from the closing date. This financing has been arranged to provide the Company with working capital to pursue the acquisition announced November 30, 2007.
