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Friday July 17 2009 - News Release
Dr. Terrance Owen reports
ALDA PHARMACEUTICALS INCREASES PRIVATE PLACEMENT
Alda Pharmaceuticals Corp. that the private placement disclosed in a new release in Stockwatch on July 3, 2009, of up to three million common share and warrant units of the company at a price of 20 cents per unit has been terminated and that the company will instead proceed with an offering of up to six million units at a price of 25 cents for proceeds up to $1.5-million.
Each unit consists of one common share of Alda and one non-transferable share purchase warrant entitling the holder to acquire one additional common share of Alda at a price of 40 cents per common share for a period of 12 months from the date of the issuance of the purchase warrant with a forced exercise provision attached to each warrant commencing on the day following the expiry of any applicable hold period on the underlying common share, stating that if, for 10 consecutive trading days, the closing price of the listed shares of the company exceeds 80 cents, then the exercise period of the warrants will be reduced to a period of 10 days following such trading days.
The offering is being made on a private placement basis pursuant to registration and prospectus exemptions of applicable securities laws, and is subject to acceptance by the TSX Venture Exchange. All securities issued will be subject to a four-month restricted period and will bear a restrictive legend accordingly. Net proceeds from the offering will be used for working capital.
Same old rant from Sinclair, with the same old message. This guy just doesn't get it. Some day if he keeps ranting after years of the same old message, he will be telling us, he told us so. By then he will have missed all the other opportunties that the markets presented to investors, while he was ranting. This guy belongs in a hospital for the mentally disturburbed, hard to imagine people honestly listen to this guy. Sad, very sad. JMHO
About ALDA Pharmaceuticals Corp.
ALDA is focused on the development of infection-control therapeutics derived from its patented T36(R) technology. The company trades on the TSX Venture Exchange under the symbol APH.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
I have been in this stock since the first PP at $.20. When todays news release came out, I finally said enough is enough and sold my entire position. I do still hold some unexcercised options at $.25, no hurry for them. I will let this play out and see if at some point down the road they are even worth excercising.
Talk about giving away the farm. Andy, I'm not sure I have ever seen anything as bad as this one. Lets see, we now have a biotech stock, with over 150,000,000 o/s shares and they haven't even hit Phase One trials yet. Andy, may the bird of paradise shit on you and you get the bird flu from it.
Totally disgusted in what transpired today.
Al
Medicago Inc (C:MDG)
Shares Issued 34,262,440
Last Close 9/8/2008 $0.35
Tuesday September 09 2008 - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Aug. 29, 2008.
Number of shares: 11.05 million
Purchase price: 20 cents per common share
Warrants: 5,525,000 common share purchase warrants to purchase 5,525,000 common shares
Warrant exercise price: 30 cents during the 12 months following the closing of the private placement
Hidden placees: 103
Pro group participation: Louis Paquet, 300,000; Stephane Paquet, 150,000; Bernard Morin, 150,000; Nicholas Shinder, 40,000; Thierry Tremblay, 40,000; Pasqual Drolet, 13,000; Cameron McDonald, 25,000; Fiducie Stephane Rail, 180,000; Stephane Rail, 50,000; Francois Carrier, 25,000; Jolyon Burton, 75,000; David Martin, 25,000; Sylvie Dallaire, 25,000
Insider participation: Louis Vezina, 50,000 Pierre Labbé, 200,000 Frederic Ors, 75,000 Andrew J. Sheldon, 125,000 Joddes Ltd , 125,000 Randal Chase, 75,000 Pierre Seccareccia, 50,000 Brigitte Barbeau, 15,000
Finders: Canaccord Capital Corporation, Dundee Securities Corporation, Blackmont Capital inc., Pure Advertising & Marketing Inc., CIBC World Markets Inc. and National Bank Financial Inc.
Finders' fees: $122,050 in cash
The company has confirmed the closing of the above-mentioned private placement by way of a press release dated Aug. 29, 2008.
Posted my conversation with Jens Hansen today about drilling in McFaulds.