Medifocus Inc. Announces Extension of Warrants
June 17 2014 - 7:18AM
Marketwired
Medifocus Inc. Announces Extension of Warrants
TORONTO, ONTARIO--(Marketwired - Jun 17, 2014) - Medifocus Inc.
(Medifocus or the Company) (TSX-VENTURE:MFS)(OTCQX:MDFZF) is
pleased to announce that it has applied to the TSX Venture Exchange
(the Exchange) to extend the expiry date of 13,056,997 outstanding
common share purchase warrants issued pursuant to the private
placement announced November 30, 2012 and to extend the expiry date
of 22,196,795 outstanding common share purchase warrants issued
pursuant to the private placement announced July 6, 2012 by one
year. Both sets of warrants entitle the holder thereof to acquire
one common share of Medifocus at a price of $0.20.
If the Exchange approves the extensions, the Company will be
permitted to extend the term of the warrants from January 14, 2015
to January 14, 2016, in the first instance and from September 21,
2014 to September 21, 2015, in the second instance. All other terms
and conditions of the Warrants will remain unchanged and in full
force and effect.
On June 6, 2014, the Company received approval to extend the
expiry date of 40,567,253 outstanding common share purchase
warrants to June 15, 2015, as previously announced. These are
comprised of 18,367,253 outstanding common share purchase warrants
issued pursuant to the private placement announced June 8, 2012 and
22,200,000 outstanding common share purchase warrants issued
pursuant to the private placement announced Jun 21, 2012. Both sets
of warrants entitle the holder thereof to acquire one common share
of Medifocus at a price of $0.20.
About Medifocus,
Inc.
Medifocus owns two fully developed technology platforms with
comprehensive United States and international patent protection:
(i) The Endo-thermotherapy Platform-a catheter-basis focused heat
technology platform that utilizes natural body openings to deliver
precise microwave thermotherapy to the diseased sites. The United
States Food and Drug Administration (FDA) approved Prolieve
Thermodilatation System for the treatment of Benign Prostatic
Hyperplasia (BPH) was developed based on the Endo-thermotherapy and
is currently generating revenue; and (ii) the Adaptive Phased Array
(APA) Microwave Focusing Platform, invented by the Massachusetts
Institute of Technology, licensed to Medifocus, directs precisely
focused microwave energy at tumor center to induce shrinkage or
eradication of tumors without undue harm to surrounding tissue.
Medifocus' APA 1000 Breast Cancer Treatment System, developed from
the APA technology platform, has received approval from the FDA and
Health Canada to conduct the pivotal Phase III clinical trials.
Medifocus believes that these two technology platforms can provide
the design basis for the development of multiple cancer treatment
systems for surface, subsurface and deep seated localized and
regional cancers. Please visit www.medifocusinc.com,
www.prolieve.com and
http://www.facebook.com/pages/Medifocus-Inc-Company-Page/546315028715627
for more details.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Medifocus Contact:John Mon, COOMedifocus,
Inc.410-290-5734JohnMon@medifocusinc.comInvestor Relations
Contact:Robert GiordanoConsulting for Strategic Growth
1917-327-3938rgiordanonyc@gmail.com
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