LINCOLNSHIRE, ILLINOIS--(Marketwire - April 16, 2008) - MonoGen, Inc. (“Corporation”) (TSX:MOG) today announced that it has closed on the previously announced equity capital bought deal private placement financing for an aggregate amount of Cdn. $7.5 million, including the exercise of the underwriter’s over-allotment option. The Corporation sold 7.5 million units (“Units) at a price of Cdn. $1.00 per Unit. Each Unit consists of one common share in the capital of the Corporation and one-half of one common share purchase warrant. Each whole warrant is exercisable to acquire one additional common share of the Corporation at a price of Cdn. $1.40 for a period of two years following today’s closing. The common shares and warrants issued pursuant to the offering are subject to a hold period of four months from closing.
