Edmonton, Alberta, Canada
December 22, 2008
Innovotech Inc.
("Innovotech" and/or the "Company") (TSX VENTURE:IOT) today
announced that it has applied to the TSX Venture Exchange for a
two (2) month extension in the expiry date of common share
purchase warrants (the "Warrants") from December 27, 2008 to
February 28, 2009. The Warrants currently have an exercise price
of $0.75 and were issued in connection with a private placement
of an aggregate of 3,000,000 units at $0.60 per unit that closed
on December 27, 2007. In all other respects, the terms of the
Warrants will remain unchanged and in full force and effect.
Innovotech is a product development company focusing on the
development of solutions to medical, agricultural and industrial
problems caused by microbial biofilms. Biofilms are protected
communities of microorganisms which are very common and very
difficult to treat due to their inherent resistance. They have
been implicated in a host of devastating infections in
agriculture, human health and industry. No diagnostics or
antibiotics are currently approved for use in infections
involving biofilms. |
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