Innovotech Inc. Announces Completion of Private Placement

From: CCNMatthews Newswire | Date: January 3, 2008 | Copyright information

EDMONTON, ALBERTA--(Marketwire - Jan. 3, 2008) - Innovotech Inc. ("Innovotech")(TSX VENTURE:IOT) is pleased to announce that it has received TSX Venture Exchange ("Exchange") final acceptance for a private placement (the "Private Placement") of 3,000,000 units ("Units") at a price of $0.60 per Unit for gross proceeds of approximately $1,800,000 as previously announced on December 6, 2007. Each Unit is comprised of one (1) common share ("Common Share") and one-half ( 1/2) Common Share purchase...

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