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Advanced Proteome to raise C$1.9M in rights offering

Advanced Proteome Therapeutics Corp. announced a C$1.9 million rights offering.

Advanced Proteome will issue 1 unit for every 4 shares held in the company at a price of 6 Canadian cents apiece.

Each unit will comprise 1 common share and 0.5 of a purchase warrant. Each whole warrant is exercisable into an Advanced Proteome share at 10 cents apiece.

The rights offering will expire July 5.