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Global Health Ventures Completes US$500,000 Private Placement
Global Health Ventures Inc. (OTCBB: GHLV) is pleased to announce that it has closed a non-prospectus issued private placement offering of 2 million units, common stock. Each unit is comprised of one common share of Global Health Ventures (the "Company") and one common share purchase warrant, at a price of US$0.25 per unit for a gross proceeds of US$500,000. Each whole common share purchase warrant entitles the holder to acquire one common share of Global Health Ventures upon payment of US$0.40 within two years.
About Global Health Ventures
Global Health Ventures (GHV) is a "Healthcare Technology Financial Institution" that's in the business of acquiring and licensing current outstanding and promising healthcare related technologies, for further development, and re-licensing to major pharmaceutical companies.
While venture capital and private equity firms tend to be investment-oriented, GHV licenses or buys out the existing promising technologies from biotech companies with insufficient resources, or lack of appropriate management, for further development.
Safe Harbour Statement
This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the products in commercializing and developing. Further the risk involves the ability of the Company to accelerate the development, and the ability to out-license the products as well as, the ability to raise sufficient funds for the development. Specifically, the risks and uncertainties that could affect the success of the Company includes risks associated with clinical developments, the ability of the Company to continue to raise capital to fund its operations and the capital requirements of the licensed-in products. Investors should also review the risk factors listed or described from time to time in the Company's filings with the Securities and Exchange Commission.
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Daily NewsTags: ,FinancialServices:Commercial and InvestmentBanking, FinancialServices:VentureCapital, MedicalandHealthcare:Healthcare, PharmaceuticalsandBiotech:Biotech, ,OTCBULLB,OTCBULLB,,VANCOUVER, BRITISH COLUMBIA
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