QUEBEC CITY, Aug. 30 /CNW Telbec/ - Medicago Inc. ("Medicago") is pleased
to announce that it has successfully completed its initial public offering of
2,003,834 units (the "Units") at a price of $1.00 per Unit for gross proceeds
of $2,003,834 million, each Unit consisting of one common share of Medicago
and one common share purchase warrant. Each share purchase warrant entitles
the holder thereof to purchase one common share at a price of $1.10 at any
time prior to 5:00 p.m. (Montreal time) on the date that is 24 months
following the closing of the offering. The common shares of Medicago commenced
trading today on the TSX Venture Exchange under the symbol "MDG".
