Published in Lab Business Week, January 12th, 2004
The majority of the funds so raised were to be used to repay the outstanding balance (both principal and interest) of a previously announced loan from Tundra Management, Ltd.
The company demanded that 2,800,000 of the company's common shares, that had been pledged as collateral for the loan, be returned to the company in exchange for the aforementioned funds by December 12, 2003.
In as much as Tundra has failed to deliver the share collateral, as demanded, the...
Want to see the full article?
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Lab Business Week
NewsRx also is available at LexisNexis, Gale, ProQuest, Factiva, Dialog, Thomson Reuters, NewsEdge, and Dow Jones.