Burcon Closes US$1.65 Million Private Placement
January 22 2015 - 4:16PM
Burcon NutraScience Corporation ("
Burcon")
(TSX:BU) (Nasdaq:BUR), a leader in functional, renewable plant
proteins, announced today that it has closed a non-brokered private
placement of 660,000 common shares at a price of US$2.50 per share
for gross proceeds of US$1,650,000 (the
"
Placement") or approximately CAD$2,041,000 based
on the Bank of Canada US-CAD noon exchange rate of 1.23716 on
January 22, 2015. Proceeds from the Placement will be used for
general working capital purposes.
The common shares sold in the Placement are subject to a four
month hold period which, under applicable Canadian securities laws,
expires on May 23, 2015.
The common shares sold in the Placement have not been registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or any applicable state
securities laws and may not be offered or sold in the United States
unless registered under the U.S. Securities Act or pursuant to an
exemption from such registration requirements. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the foregoing
securities in any jurisdiction, including in the United States, in
which such offer, solicitation or sale would be unlawful.
About Burcon NutraScience Corporation
Burcon NutraScience is a leader in developing functionally and
nutritionally valuable plant-based proteins. The company has
developed a portfolio of composition, application, and process
patents originating from a core protein extraction and purification
technology. Burcon's CLARISOY™ soy protein offers clarity and
high-quality protein nutrition for low pH beverage systems and
excellent solubility and exceptionally clean flavor at any pH;
Peazazz® is a uniquely soluble and clean-tasting pea protein; and
Puratein®, Supertein™ and Nutratein® are canola protein isolates
with unique functional and nutritional attributes. For more
information about the company, visit www.burcon.ca.
ON BEHALF OF THE BOARD OF DIRECTORS "Johann F. Tergesen"
Johann F. Tergesen President and Chief Operating Officer
The TSX has not reviewed and does not accept responsibility for
the adequacy of the content of the information contained herein.
This press release contains forward-looking statements or
forward-looking information within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Forward-looking statements or
forward-looking information involve risks, uncertainties and other
factors that could cause actual results, performances, prospects
and opportunities to differ materially from those expressed or
implied by such forward-looking statements. Forward-looking
statements or forward-looking information can be identified by
words such as "anticipate," "intend," "plan," "goal," "project,"
"estimate," "expect," "believe", "future," "likely," "may,"
"should," "could", "will" and similar references to future periods.
All statements other than statements of historical fact included in
this release are forward-looking statements, including, without
limitation, statements regarding the use of proceeds from the
Placement. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements or
information. Important factors that could cause actual results to
differ materially from Burcon's plans and expectations include the
actual results of business negotiations, marketing activities,
adverse general economic, market or business conditions, regulatory
changes and other risks and factors detailed herein and from time
to time in the filings made by Burcon with securities regulators
and stock exchanges, including in the section titled "Risk Factors"
in Burcon's annual information form dated June 23, 2014 filed with
the Canadian securities administrators on www.sedar.com and
contained in Burcon's 40-F filed with the U.S. Securities and
Exchange Commission on www.sec.gov. Any forward-looking
statement or information only speaks as of the date on which it was
made and, except as may be required by applicable securities laws,
Burcon disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise. Although Burcon believes that the
assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance, and accordingly, investors should not rely on such
statements.
CLARISOY is a trademark of Archer Daniels Midland Company.
CONTACT: Media & Industry Contact:
Michael Kirwan
Director, Corporate Development
Burcon NutraScience Corporation
Tel (604) 733-0896, Toll-free (888) 408-7960
mkirwan@burcon.ca
www.burcon.ca
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