Abattis Announces Closing of $2.4M Financing and Option Grant - kcentv.com - KCEN HD - Waco, Temple, and Killeen

Abattis Announces Closing of $2.4M Financing and Option Grant

Posted: Updated:

Vancouver, BC / ACCESSWIRE / March 19, 2014 / Abattis Bioceuticals Corp. (the Company or “Abattis) (OTC PINK: ATTBF) (CSE: ATT), is pleased to announce that further to its news release of March 4, 2014, it has now closed a non-brokered private placement of 5,333,333 units for gross proceeds of $2.4M.

The Company has also granted incentive stock options to a consultant to purchase up to 250,000 common shares of the Company. The options are exercisable on or before March 19, 2019 at an exercise price of $2.26 per share.

About Abattis Bioceuticals Corp.

Abattis is a specialty biotechnology company with capabilities through its wholly owned subsidiaries of cultivating, licensing and marketing proprietary ingredients, bio-similar compounds, patented equipment and consulting services to medicinal markets in North America. The company is positioned to capitalize on the fast growing trend toward marijuana legalization in the United States and for medicinal use in Canada and international jurisdictions by supplying and partnering with companies to employ its vertical cultivation systems, extraction equipment/technology, and strategic marketing support to licensed growers. The company also has an extensive pipeline of high-quality products and Intellectual Property for the rapidly expanding botanical drug market. We follow strict Standard Operating Protocols and adhere to the Law‘s of Canada and Foreign Jurisdictions. For more information, visit the Company‘s website at www.abattis.com.

ON BEHALF OF THE BOARD

Mike Withrow

President & CEO

For further information, contact the Company‘s CEO, Michael Withrow at (778) 896-

6536 or at mike.withrow@abattis.com.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FORWARD LOOKING INFORMATION

This press release contains forward-looking statements. The use of any of the words anticipate“, “continue“, “estimate“, “expect, may“, will, project, should, believe and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks various risk factors discussed in the Companys Managements Discussion and Analysis for the nine months ended June 30, 2013 and filed on August 29, 2013 and for the year ended September 30, 2012 and filed on January 28, 2013 under the Companys profile on www.sedar.com. While the Company may elect to, it does not undertake to update this information at any particular time.

ReleaseID: 413258

  • Latest NewsMore>>

  • Fetus Found In Bathroom Of North Texas High School

    Fetus Found In Bathroom Of North Texas High School

    Friday, August 29 2014 10:19 PM EDT2014-08-30 02:19:05 GMT
    (WFAA) DALLAS -- Police are searching for a student who delivered a fetus in a bathroom at Woodrow Wilson High School."Obviously, this is very serious. It's very troubling," said DISD spokesman Jon Dahlander. "But we will work through this as a school district and a school community."The Dallas Independent School District said a maintenance worker found the fetus after being alerted by students. The second floor of the school, where the bathroom is located, was closed down around 2:30 p.m., s...More >>
    (WFAA) DALLAS -- Police are searching for a student who delivered a fetus in a bathroom at Woodrow Wilson High School."Obviously, this is very serious. It's very troubling," said DISD spokesman Jon Dahlander. "But we will work through this as a school district and a school community."The Dallas Independent School District said a maintenance worker found the fetus after being alerted by students. The second floor of the school, where the bathroom is located, was closed down around 2:30 p.m., s...More >>
  • Homeless Veteran Numbers Spike Locally, Despite National Numbers Dropping

    Homeless Veteran Numbers Spike Locally, Despite National Numbers Dropping

    Friday, August 29 2014 7:27 PM EDT2014-08-29 23:27:35 GMT
    (KCEN) – While the homeless veteran count is dropping nationwide, Killeen and Temple are seeing a spike in the number of homeless veterans – and it's not just individual veterans. “We're seeing more homeless families, and we've seen an increase in that over the last few months because of the downsizing of the military,” Paula Wood said. “It's very sad to look a family in the eye and say do you have a friend or family member you can stay with because it's going to take a month to get you re-ho...More >>
    (KCEN) – While the homeless veteran count is dropping nationwide, Killeen and Temple are seeing a spike in the number of homeless veterans – and it's not just individual veterans. “We're seeing more homeless families, and we've seen an increase in that over the last few months because of the downsizing of the military,” Paula Wood said. “It's very sad to look a family in the eye and say do you have a friend or family member you can stay with because it's going to take a month to get you re-ho...More >>
  • Federal Judge Strikes Down Key Part of Texas Abortion Law

    Federal Judge Strikes Down Key Part of Texas Abortion Law

    Friday, August 29 2014 6:33 PM EDT2014-08-29 22:33:42 GMT
    (NBC) -- A federal judge Friday threw out new Texas abortion restrictions that would have effectively closed more than a dozen clinics in the state. U.S. District Judge Lee Yeakel sided with clinics that sued over one of the most disputed measures of a sweeping anti-abortion bill signed by Republican Gov. Rick Perry in 2013. The ruling stops new restrictions that would have left just seven abortion facilities open in Texas by Sept. 1; there are currently 19 providers in Texas, according to th...More >>
    (NBC) -- A federal judge Friday threw out new Texas abortion restrictions that would have effectively closed more than a dozen clinics in the state. U.S. District Judge Lee Yeakel sided with clinics that sued over one of the most disputed measures of a sweeping anti-abortion bill signed by Republican Gov. Rick Perry in 2013. The ruling stops new restrictions that would have left just seven abortion facilities open in Texas by Sept. 1; there are currently 19 providers in Texas, according to th...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KCEN. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.