Navigation Links
Response Biomedical Closes $12.65 million Unit Offering
Date:5/21/2009

VANCOUVER, May 21 /PRNewswire-FirstCall/ - Response Biomedical Corporation (TSX: RBM, OTCBB: RPBIF) (the "Company") announced today that it has closed its previously announced public offering (the "Offering") of units ("Units") for gross proceeds of $12.65 million.

The Company issued 73,333,333 Units at a price of C$0.15 per Unit (the "Offering Price"). The Company concurrently issued an additional 11,000,000 Units pursuant to the exercise-in-full of an over-allotment option granted to the underwriter.

Each Unit consists of one common share and one-half of one common share purchase warrant (each a "Warrant"), with each whole Warrant entitling the holder thereof to purchase one additional common share at a price of C$0.25 for a period of 24 months from the closing date of the Offering. The Company also granted 2,530,000 common share purchase warrants to the underwriter (the "Broker's Warrants"), with each Broker's Warrant entitling the holder thereof to purchase one common share at a price of $0.25 for a period of 24 months from the closing date of the Offering.

As a result of the successful completion of the Offering, the Company believes that it has satisfied the conditions set forth by the Toronto Stock Exchange ("TSX") in connection with its de-listing review of the Company. The Company expects that the TSX will confirm that the de-listing review will be terminated.

Net proceeds of the Offering will be used primarily for general operating expenses and a small percentage for capital acquisitions related to manufacturing capacity expansion to meet product demand created by the Company's corporate partnerships with Roche Diagnostics, 3M Health Care and Shionogi & Co., Ltd.

About Response Biomedical

Response Biomedical develops, manufactures and markets rapid on-site diagnostic tests for use with its RAMP(R) Platform for clinical and environmental applications. RAMP(R) represents a new parad
'/>"/>

SOURCE Response Biomedical Corp.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. Computer simulation captures immune response to flu
2. Fear Response May Stem From Protein in Brain
3. Gene signature may predict patient response to therapy for gastrointestinal stromal tumors
4. P&G Response to FDA Approval of Prevacid OTC(R) 24HR
5. Focus on Rapid Medical Response to Improve the Quality of Healthcare and Drive the Ambulance Services Market in Europe, According to Frost & Sullivan
6. Enwisen™ Creates Emergency Notification Center for Customer Twentieth Century Fox – Response to Possibility of Swine Flu Epidemic
7. Scientists develop mathematical model to predict the immune response to influenza
8. GAA Calls For a Worldwide Response to President Obamas Global Health Budget Shortfalls
9. iJET Provides Additional Services in Response to Ongoing H1N1 Influenza A (Swine Flu) Developments
10. Prepared Response, Inc. Expands Its Pandemic Planning and Response Offerings
11. Response Biomedical Announces Proposed Unit Offering
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/14/2014)... July 14, 2014 — ... cloud management, governance, and compliance software solutions for ... will be available to customers of Rackspace, ... , The hosting and value-added reseller (VAR) agreements ... solutions to new or existing customers: , Backup: ...
(Date:7/14/2014)... July 14, 2014 “You've probably heard ... exactly does that mean?” This question was posed in ... on Western Washington Medical Group’s blog regarding how people ... health in mind . , According to the article, ... placing themselves at a high risk of dehydration and ...
(Date:7/14/2014)... Sometimes, thinking “inside the box” can be revolutionary. ... product release, Joyboxx™ - The world’s only hygienic and ... Inventor and CEO, Deborah Semer began designing a safe ... for their ‘toys’ after she realized no such product ... Semer met 30-year industry veteran Phyllis Heppenstall, the legendary ...
(Date:7/14/2014)... new analysis has found that rates of testicular cancer ... Hispanic American men, but not among their non-Hispanic counterparts. ... journal of the American Cancer Society, the findings indicate ... of testicular cancer in Hispanic adolescents and young adults, ... cause of this trend. , Testicular cancer is one ...
(Date:7/14/2014)... According to the Blood Pressure Solution book review recently ... a series of new information on high blood pressure ... can help readers understand more about blood pressure. The book ... methods to control hypertension naturally. , Blood ... penned by Ken Burge, a medical researcher and health consultant. ...
Breaking Medicine News(10 mins):Health News:AvePoint Works with Rackspace to Extend Vital Management Features to Hybrid SharePoint Deployments 2Health News:AvePoint Works with Rackspace to Extend Vital Management Features to Hybrid SharePoint Deployments 3Health News:Drink With Your Mental Health in Mind, Advises an Article by Mental Health America Featured by Western Washington Medical Group 2Health News:Passionate Playground launches Joyboxx 2Health News:Passionate Playground launches Joyboxx 3Health News:Testicular cancer rates are on the rise in young Hispanic Americans 2Health News:Blood Pressure Solution Book Review Exposes Ken Burge's Hypertension Treatment Guide – Vkool.com 2Health News:Blood Pressure Solution Book Review Exposes Ken Burge's Hypertension Treatment Guide – Vkool.com 3
... and productivity , , TUESDAY, Sept. 25 (HealthDay News) -- ... program that used a care manager to guide them ... well as greater productivity. , The authors of the ... of the Journal of the American Medical Association ...
... of the Combat Soldiers Recovery Fund, announced that there ... Wednesday evening,September 26, 2007. According to Ms. Miller, "100% ... soldiers or their immediate family, with no,reductions for overhead ... "the Fund has distributed $70,000 so far,and is now ...
... of Boise,s Leadership in the ... Premium and Specialty Papers Market, BENSENVILLE, Ill., ... today announced that Boise(R) BEWARE(TM), an,anti-copy/anti-scan paper is in compliance ... The legislation,will go into affect on October 1, 2007. ...
... Life Sciences, LLC, an,Indiana based company, has introduced ... about the growing health risks associated,with diabetes. This ... and,antioxidant-rich dietary supplement that has been scientifically proven ... two conditions,that most often lead to Type II ...
... Experts in health care and,technology investment discussed objectives, ... growth in Ohio today at the Ohio,Capital Fund,s ... will help,shape Ohio,s future as it rebounds from ... the State of Ohio is changing," said Paul,Cohn ...
... open its doors to area ... youths on September 28, PORTLAND, Ore., Sept. 25 ... to play, learn and grow with,the grand opening of the Regence Boys & ... grant from Regence,the largest in the company,s history. The facility is Portland,s first,completely ...
Cached Medicine News:Health News:Treatment Programs Benefit Depressed Workers 2Health News:Treatment Programs Benefit Depressed Workers 3Health News:Boise(R) BEWARE(TM) Meets New Federal Guidelines Set Forth by Medicaid 2Health News:New Nutraceutical That Stabilizes Blood Sugar Naturally is Introduced 2Health News:New Nutraceutical That Stabilizes Blood Sugar Naturally is Introduced 3Health News:Experts Agree. Ohio's Technology Investment Future Looks Bright 2Health News:Experts Agree. Ohio's Technology Investment Future Looks Bright 3Health News:Grand Opening of Regence Boys & Girls Club Marks a Milestone in Historic New Columbia Community Revitalization 2Health News:Grand Opening of Regence Boys & Girls Club Marks a Milestone in Historic New Columbia Community Revitalization 3
(Date:7/13/2014)... 13, 2014 Auf ... Tokio veranstalteten F&E-Tagung meldete Astellas ... Neuausrichtung seines Forschungsrahmenprogramms. Die Tagung bot Astellas ... fortgeschrittenen klinischen Programme und die Konzernstrategie des ... bestand darin, aktuelle Meldungen zu den Astellas-Initiativen ...
(Date:7/11/2014)... N.C. , July 11, 2014 ... approaches are evolving across industry sectors to better ... examining better ways to engage with and understand ... inform themselves and make critical purchasing decisions. ... firm, Best Practices, LLC, one area where organizations ...
(Date:7/11/2014)... DUBLIN , July 11, 2014 ... "Global Hypodermic Needles Market 2014-2018" report to ... A hypodermic needle is a hollow needle ... the body or or to extract fluids from it. ... liquids or to inject substances that cannot be ingested. ...
Breaking Medicine Technology:Astellas erörtert Pipeline-Fortschritte auf F&E-Tagung 2Astellas erörtert Pipeline-Fortschritte auf F&E-Tagung 3Astellas erörtert Pipeline-Fortschritte auf F&E-Tagung 4New Technologies Transforming Consumer Marketing Research Playbook 2Global Hypodermic Needles Market 2014-2018: Key Vendors are Becton, Dickinson and Co, Covidien, Retractable Technologies and Terumo Corp. 2Global Hypodermic Needles Market 2014-2018: Key Vendors are Becton, Dickinson and Co, Covidien, Retractable Technologies and Terumo Corp. 3
... seamless eliminating the possibility of leakage around glued ... temperature resistant gel trays meaning you do no ... added user friendliness, the Primo tanks come with ... The Primo Gel Systems are designed to be ...
... up and safe to use, the Gel XL ... and running agarose gels. The unit is compact, ... power supply eliminates a tangled mess of leads ... Designed for safety and convenience, the power supply ...
... HE 33 Mini Submarine Unit for nucleic acid analysis ... designed for very fast separations of DNA restriction fragments ... a heat-sink. Fill the base with coolant and seal. ... keeping the unit in a freezer or by immersing ...
... 2000 apparatus and ready-to-use gels are the ... of nucleic acids by submerged gel electrophoresis. ... system, offering full compatibility and optimal performance, ... SEA 2000 and a unique staining tray, ...
Medicine Products: