Bioscrypt Completes Secured Debenture Financing

On February 27, 2004, Bioscrypt Inc. completed a public offering of 8.4 million common shares at $2.15 per share, for gross proceeds of $18.06 million. The underwriting syndicate was led by TD Securities Inc. and GMP Securities Ltd, and included First Associates Investments Inc., Research Capital Corp. and Desjardins Securities Inc.

Bioscrypt was represented by Lang Michener LLP, with a team that included Carl DeVuono, Adam Taylor and Craig Halpenny. The underwriters were represented by Cassels Brock & Blackwell LLP, with a team that included Lawrence Wilder and Patrick Gleeson (securities) and Geoff Shaw (securities litigation).