RICHMOND, British Columbia, Jan. 25, 2010 (GLOBE NEWSWIRE) -- BioCurex, Inc. (OTCBB:BOCX) announced today that, on January 22, 2010, it closed on its public offering of 1.2 million units, consisting of 84,000,000 shares of common stock and 84,000,000 redeemable common stock purchase warrants, raising $5.28 million in net proceeds. The redeemable common stock purchase warrants are quoted on the Over-the-Counter Bulletin Board under the symbol BOCXW. Each warrant entitles the holder thereof to purchase one share of the company’s common stock for $0.107. The warrants are immediately exercisable and expire on January 19, 2015. The company may redeem some or all of the warrants at a price of $0.003 per warrant by giving the holders not less than 30 days’ written notice at any time after the company’s common stock closes at or above $0.143 per share for five consecutive trading days. The lead underwriter of the offering was Paulson Investment Company, Portland, Oregon.
