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From: downandout	4/22/2016 3:28:38 PM
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BriaCell Therapeutics arranges $600,000 financing BriaCell Therapeutics Corp (C:BCT) Shares Issued 84,736,315 Last Close 4/21/2016 $0.195 Friday April 22 2016 - News Release Ms. Farrah Dean reports BRIACELL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT BriaCell Therapeutics Corp. intends to complete a non-brokered private placement of units of the company at a price of 20 cents per unit for total gross proceeds of up to $600,000. The offering is in addition to the company's proposed strategic $650,000 investment with a leading U.S. biotechnology fund announced on April 22, 2016. Under the offering, each unit shall consist of one common share in the capital of the company and one-half of one common share purchase warrant. The warrants will be valid for 24 months following the date of closing of the offering, and each warrant will be exercisable for one common share at an exercise price of 30 cents if exercised during the initial 12 months and 35 cents if exercised during the subsequent 24 months following the date of closing of the offering. The company intends to use the proceeds from the offering toward the company's phase I/IIa clinical trial, for advancing the BriaCell research and development program and companion diagnostic platform known as BriaDx, and for general corporate purposes. The offering is expected to close on or about April 29, 2016, and is subject to the approval of the TSX Venture Exchange and other customary closing conditions. We seek Safe Harbor. © 2016 Canjex Publishing Ltd.

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