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Technology Stocks : The cure for cancer: SYBB

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To: richard wilson who wrote ()8/16/1999 8:52:00 AM
From: Maurice Winn   of 2
 
Oncolytics private placement details from 4 August: siliconinvestor.com

Oncolytics Biotech Inc. has 9.75m shares [when warrants fully exercized] of which 6m are owned by Synsorb [SYBB]. Oncolytics owns the rights to the activated Ras pathway reovirus. IPO to come 'shortly'.

The 1.5m shares [convertible warrants] sold raised $900,000 with another 1.5m x $0.75 = $1.125m to come when these warrants are exercized within two years from an IPO for total of $2m.

Synsorb market capitalisation is $61.68m at $2.0625
Daily share price and volumes:
siliconinvestor.com

Maurice
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