BURCON AMENDS LETTER OF INTENT
02 Marzo 2011 - 9:21AM
PR Newswire (Canada)
VANCOUVER, March 2 /CNW/ -- VANCOUVER, March 2 /CNW/ - Burcon
NutraScience Corporation (TSX - BU) announced today that the
company has amended the Letter of Intent between Burcon and Archer
Daniels Midland Company (the "LOI") to extend the date for
completing a definitive license agreement for Burcon's CLARISOY(®)
technology until noon hour on March 4, 2011. The stand
still/no-shop agreement with ADM, which forms part of the LOI, is
equally extended until noon hour on March 4, 2011. Except for the
amendments disclosed above, all the other terms of the LOI remain
unchanged. About Burcon NutraScience Burcon is a leader in
nutrition, health and wellness in the field of functional,
renewable plant proteins. Since 1999, Burcon has developed a
portfolio of composition, application, and process patents
originating from our core protein extraction and purification
technology. We are developing Puratein® and Supertein™ canola
protein isolates with unique functional and nutritional attributes,
and CLARISOY(®), a revolutionary soy protein isolate which is 100%
soluble and completely transparent in acidic solutions. Our team of
highly specialized scientists and engineers work from our own
research facility to develop and optimize environmentally sound
technologies. To-date, our patent portfolio consists of 150 issued
patents in various countries, including 25 issued U.S. patents, and
in excess of 200 additional pending patent applications, 62 of
which are U.S. patent applications. ON BEHALF OF THE BOARD OF
DIRECTORS "Johann F. Tergesen" Johann F. Tergesen President and
Chief Operating Officer The TSX has not reviewed and does not
accept responsibility for the adequacy of the content of the
information contained herein. This press release contains
forward-looking statements that involve risks and uncertainties.
These forward-looking statements relate to, among other things,
plans and timing for the introduction or enhancement of our
products, statements about future market conditions, supply and
demand conditions, and other expectations, intentions and plans
contained in this press release that are not historical fact. Our
expectations regarding the prospect for future success depend upon
our ability to develop and sell products, which we do not produce
today and cannot be sold without further research and development.
When used in this press release, the words "goal", "intend",
"believes" and "potential" and similar expressions, generally
identify forward-looking statements. These statements reflect our
current expectations. They are subject to a number of risks and
uncertainties. In light of the many risks and uncertainties
surrounding the development of a source of protein from canola
meal, you should understand that we cannot assure you that the
forward looking statements contained in this press release will be
realized. To view this news release in HTML formatting, please use
the following URL:
http://www.newswire.ca/en/releases/archive/March2011/02/c7266.html
pJade Cheng, Chief Financial Officerbr/ Burcon NutraScience
Corporationbr/ (604) 733-0896 / (888) 408-7960 toll-freebr/ a
href="mailto:jcheng@burcon.ca"jcheng@burcon.ca/a a
href="http://www.burcon.ca"www.burcon.ca/a/p
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