Advitech

Advitech Announces the Closing of an $885,000 Private Placement and a New Stock Option Grant

Published in Healthcare Finance, Tax and Law Weekly, April 18th, 2007

Advitech inc. ("Advitech" or the "Corporation") (TSX Venture: AVI) announces that it has completed today a private placement by way of offering memorandum, announced on February 28, 2007, for a total amount of $884,128. Of this amount, $448,000 comes from the issuance of convertible debentures and $436,128 from the issuance of units.

PRIVATE PLACEMENTS

The convertible debentures bear interest at an annual rate of 12% payable monthly. From the closing date until August 31, 2007, interest on the debentures will be capitalized, added to the capital amount of the debentures and paid at the end of the term. The capital of the debentures will become due...

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Source: Healthcare Finance, Tax and Law Weekly (2007-04-18)

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