BXI Bioexx Specialty Proteins Ltd Com Npv

Bio-Extraction Inc. (TSX VENTURE:BXI) ("BioExx") announced today that it has
agreed to increase the Agents' Option in connection with its recently announced
private placement offering. The nature and sources of demand on the offering
were such that, in the opinion of BioExx, the allocations could not have been
appropriately satisfied without a slight increase in the offering size.


BioExx previously announced that it intended to issue up to 5,800,000 common
shares at a price of $0.52 per share. In addition, the agents for the offering,
being Canaccord Capital Corporation, Frazer Mackenzie Limited, Loewen Ondaatje
McCutcheon Limited and Wellington West Capital Markets Inc. had the option to
increase the number of common shares sold pursuant to the offering by up to
4,000,000 common shares at $0.52 per common share. This option has now been
increased to 4,400,000 common shares at $0.52 per common share.


All other terms of the offering as previously disclosed remain the same. Closing
of the private placement remains scheduled for May 12, 2009, subject to the
approval of the TSX Venture Exchange and other customary conditions. All common
shares issued pursuant to the offering will be subject to a four month statutory
hold period.


About Bio-Extraction Inc. 

Headquartered in Toronto, Canada, BioExx is a leading technology company focused
on the extraction of oil and high-value proteins from oilseeds for the global
food market. BioExx' patented technology allows for the use of significantly
lower temperatures than conventional methods in extracting the active
ingredients and oils from oilseeds, resulting in higher yields and
higher-quality meal, oils and proteins. BioExx' low energy requirements,
environmentally sound process, and high-yield production have the potential to
make a valuable contribution in alleviating food scarcity. BioExx operates a
commercial scale extraction facility in Saskatoon, Saskatchewan, and has a
mission to construct additional and larger processing facilities on a global
basis. To find out more about Bio-Extraction Inc. (TSX VENTURE:BXI), please
visit www.bioexx.com.


The statements made in this press release include forward-looking statements
that involve a number of risks and uncertainties. These statements relate to
future events or future performance and reflect management's current
expectations and assumptions. A number of factors could cause actual events,
performance or results to differ materially from the events, performance and
results discussed in the forward-looking statements, such as the economy,
generally, the demand for BioExx' products, the availability of funding, and the
anticipated costs of BioExx' plant construction and operation. These
forward-looking statements are made as of the date hereof and BioExx does not
assume any obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially from BioExx'
expectations and projections.

Grafico Azioni Bioexx Specialty Proteins Ltd Com Npv (TSXV:BXI)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Bioexx Specialty Proteins Ltd Com Npv (TSXV:BXI)
Storico
Da Giu 2023 a Giu 2024