Finance

Haemacure Corp. completes $12.5 million private placement

Published in Drug Law Weekly, February 20th, 2007

Haemacure Corp. (HAE) announced that it has held a final closing of its previously announced private placement by issuing 30 million additional units at a price of $0.10 per unit, for additional gross proceeds to Haemacure of $3 million.

By holding the final closing, Haemacure has reached its objective of raising $12.5 million.

As previously announced, an initial closing of the private placement was held on January 5, 2007, for gross proceeds to Haemacure of $9.5 million.

Firebird Global Master Fund, Ltd., and Firebird Global Master Fund II, Ltd., both affiliated with New York City, New York-based Firebird Management, LLC, were...

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Source: Drug Law Weekly (2007-02-20)

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