Medifocus Inc. Announces Extension of Warrants
Post# of 28526
TORONTO, ONTARIO--(Marketwired - April 24, 2013) -
(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)
Medifocus Inc. ( Medifocus or the Company ) (TSX VENTURE: MFS )(OTCQX: MDFZF ) is pleased to announce that it has received approval from the TSX Venture Exchange (the Exchange ) to extend the expiry date of 2,449,997 outstanding common share purchase warrants issued pursuant to the private placement announced April 9, 2010 (the Warrants ) by one year. The expiry date of the Warrants was extended to April 24, 2013 in April, 2012. Each Warrant entitles the holder to acquire one common share of Medifocus at a price of $0.50.
The Company will extend the term of the Warrants from April 24, 2013 to April 24, 2014. All other terms and conditions of the Warrants (as amended) will remain unchanged and in full force and effect.
About Medifocus, Inc.
- Medifocus develops and commercializes minimally invasive focused heat systems for the treatment of cancerous and benign tumors, and enlarged prostate, medically known as Benign Prostatic Hyperplasia ("BPH"). With the recent acquisition of Prolieve®, Medifocus now owns a revenue generating commercial BPH treatment product targeting the $8 billion BPH drug therapy market and generating cash flow to support the development and commercialization of other catheter based or Adaptive Phased Array (APA) based focused heat systems for targeted thermotherapy of surface, subsurface and deep seated localized and regional cancers.
- The Company owns two technology platforms with comprehensive US and international patent protection: 1: The Endo-thermotherapy Platform-from which Prolieve was developed can potentially used to treat cancers in prostate, rectal, cervical and esophageal, and 2: The Adaptive Phased Array (APA) Microwave Focusing Platform-invented by MIT, licensed to Medifocus, directs precisely focused microwave energy at tumor center to induce shrinkage or eradication of tumors without undue harm to surrounding tissue. The Company's APA 1000 Breast Cancer Treatment System, developed from the APA technology platform, is currently in pivotal Phase-III clinical trials. Please visit www.medifocusinc.com , www.prolieve.com and http://www.facebook.com/pages/Medifocus-Inc-C...5028715627 for more details.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the proposed transactions and neither of the foregoing entities has approved or disapproved of the contents of this press release.
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