VRS Verisante Technology Inc

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SERVICES.


Verisante Technology, Inc. (TSX VENTURE:VRS)(OTCQX:VRSEF) (the "Company" or
"Verisante"), a leader in cancer detection technology, announced today that the
brokered private placement announced on February 27, 2013 through Agent Raymond
James (the "Offering") has been amended and shall be closed shortly with
existing subscribers.


The terms of the Offering were amended to change the unit price to $0.40, where
each unit will comprise of one common share and one common share purchase
warrant (the "Warrants"). Each Warrant will entitle the holder to purchase one
common share at a price of $0.60 per share with an expiry date of 24 months from
the closing of the Offering. 


The warrants shall have two call provisions whereby in the event the volume
weighted average price of Verisante's common shares is equal to or greater than
$0.90 for 10 consecutive trading days, the company will have the right to
accelerate the expiry date of 50% of the total Warrants issued under the
Offering to a date that is 30 days after Verisante issues a news release
announcing that it has elected to exercise this acceleration right. Under the
second call provision, in the event the volume weighted average price of
Verisante's common shares is equal to or greater than $1.15 for 10 consecutive
trading days, the company will have the right to accelerate the expiry date of
remaining 50% of the total Warrants issued under the Offering to a date that is
30 days after Verisante issues a news release announcing that it has elected to
exercise this acceleration right.


The private placement of up to 2,500,000 units at $0.40 per unit (the "Unit") is
subject to the approval of the TSX Venture Exchange. The common shares to be
issued in connection with the Offering will be subject to a four month statutory
hold period. 


These securities being offered have not been, and will not be, registered under
the United States Securities Act of 1933, as amended (the "U.S. Securities Act")
and may not be offered or sold in the United States or to, or for the benefit
of, U.S. persons (as defined in Regulation S under the U.S. Securities Act)
absent U.S. registration or an applicable exemption from the U.S. registration
requirements. This release does not constitute an offer for sale of securities
in the United States.


The net proceeds of the private placement will be used to fund the Company's
manufacturing of Aura(TM), to pursue additional regulatory approvals of Aura(TM)
in the United States and other regions, to support sales and marketing
initiatives, and for working capital requirements. Commissions may be paid in
connection with the private placement consisting of up to 10% of the gross
proceeds of the Offering, and broker's warrants entitling the holder thereof to
acquire Shares in an amount equal to up to 10% of the number of Shares sold by
the Broker, which broker warrants shall have the same terms as the Warrants.
Finder's Fees may be paid in connection with the private placement in accordance
with TSX Venture Exchange policy.


About Verisante Technology, Inc.

Verisante is a medical device company committed to commercializing innovative
systems for the early detection of cancer. The Verisante Aura(TM) for skin
cancer detection and the Verisante Core(TM) series for lung, colon and cervical
cancer detection utilize a proprietary cancer detection platform while the
operating software and probe technology are unique to each device. The cancer
detection platform was developed by the BC Cancer Agency and tested and refined
at the Skin Care Centre at Vancouver General Hospital. This exclusive platform
technology allows Verisante to develop and offer a range of compact,
non-invasive cancer detection devices that offer physicians immediate results
for many of the most common cancers. Aura(TM) has been approved for sale in
Canada, Europe and Australia. The Core(TM) has not yet been approved for sale. 


Verisante Aura(TM) was awarded Popular Science Magazine's "Best of What's New
Award" for 2011, and Verisante Core(TM) was named one of the top 10 cancer
breakthroughs of 2011 by the Canadian Cancer Society. 


Forward Looking Statements 

This release contains forward-looking statements, including, but not limited to,
statements regarding the future commercialization of medical devices, the market
demand for these products and the proprietary protections the Company will
obtain with regard to the technology, all of which statements are subject to
market risks, and the possibility that the Company will not be able to obtain
patent protection or obtain sufficient customer demand. These statements are
made based upon current expectations and actual results may differ from those
projected due to a number of risks and uncertainties.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Verisante Technology, Inc.
Thomas Braun
President & CEO
(604) 605-0507
info@verisante.com
www.verisante.com


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