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     400  0 Kommentare M Pharmaceutical Inc. Announces Private Placement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 7, 2015) -

    NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

    M Pharmaceutical Inc. (the "Company") (CSE:MQ), a Canadian company committed to developing and commercializing innovative biomedical technologies that improve the health and quality of life for people affected by obesity and diabetes, announced today that it is undertaking a non-brokered private placement of up to $350,000. It plans on issuing up to 3,888,888 units at $0.09 per unit, each unit to consist of one common share and one share purchase warrant exercisable for one year at $0.25. Proceeds will be used for working capital and to further develop the Company's technologies.

    About M Pharmaceutical Inc.

    M Pharmaceutical Inc. is committed to developing and commercializing innovative biomedical technologies that improve the health and quality of life for people affected by obesity and diabetes. The Company currently has the exclusive rights to a family of biomedical technologies including (i) the eMosquito, for automatic and autonomous monitoring of blood glucose in diabetics; (ii) temporary controllable pseudobezoars, an innovative method for non-invasive dynamic gastric volume reduction for weight loss that has been recently tested in blind, placebo-controlled human studies; and (iii) gastrointestinal neurostimulators, using a laparoscopically-implantable technique for the treatment of obesity without permanent anatomical modification of the stomach. Commercial development of the eMosquito, the pseudobezoar and the neurostimulator technologies will require successful coordination and execution of a wide variety of technology disciplines.

    FORWARD LOOKING STATEMENTS

    This news 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. This news release includes forward-looking statements with respect to the commercialization of the rights to the eMosquito, the gastric stimulators and the temporary pseudobezoars. 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 news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com and such factors as the Company failing to complete the commercialization of the eMosquito, the gastric stimulators and the temporary pseudobezoars.

    M Pharmaceutical Inc.
    Investor Relations
    604.428.0511
    info@m-pharma.ca
    www.m-pharma.ca


    Verfasst von Marketwired
    M Pharmaceutical Inc. Announces Private Placement VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 7, 2015) - NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. M Pharmaceutical Inc. (the …