CORRECTION FROM SOURCE: Response Biomedical Announces Private Placement with Yorkton Securities.VANCOUVER, British Columbia--(BUSINESS WIRE)--April 15, 1999-- Response Bio(VSE See DOS/VSE. VSE - Virtual Storage Extended :RBM RBM Roll Back Malaria (global partnership to reduce malaria) RBM Results Based Management RBM Reserve Bank of Malawi RBM Risk Based Maintenance RBM Reliability Based Maintenance RBM Reticular Basement Membrane RBM Radiation Belt Monitor .) Response Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. Corp. (RBM.VSE) today announced that Yorkton Securities Inc. is undertaking a brokered private placement of $2,500,000 at $0.95 per share to enable the completion of the commercialization of the RAMP(tm) technology. "We and our merchant banker, Avenir Capital Corp., are excited to work with a national firm such as Yorkton Securities," said Dr. Harvey Hoyt, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Response. "This injection of capital allows Response Biomedical to move RAMP into the manufacturing phase and positions the Company for future sales." This private placement is subject to the approval of the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). . There will be a commission payable to Yorkton Securities Inc. Response Biomedical Corp. is a health care company focused on the research and commercialization of diagnostic tests for the human health, food safety and environmental markets. The company's website is located at http://www.response-bio.com. The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the company's expectations. William J. Radvak, President & COO |
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