MONTREAL, QUEBEC--(CCNMatthews - Nov. 13, 2006) - MonoGen, Inc., formerly Oxbow Equities Corp., ("Corporation") (TSX:MOG) today announced that it has entered into binding subscription agreements for the issuance of approximately 33.7 million common shares at C$0.55 per share for total proceeds of C$18.5 million. This financing was effected by way of a non-brokered private placement with a four-month hold period. The total number of shares outstanding following the closing of this financing anticipated on November 14, 2006 will be approximately 168.5 million and 198.2 million on a fully diluted basis. The Corporation intends to consolidate its outstanding common shares in the range of one-for-10 to one-for-15 before September 30, 2007.
