Ventana Moves to the OTCBB
September 15 2009 - 7:10AM
Marketwired
Ventana Biotech Inc. ("Ventana") (PINK SHEETS: VNTA), a
biotechnology company developing an appetite-suppressing and stress
reducing chewing gum, today announced that it has retained legal
counsel for the purpose of filing a Form S-1 Registration Statement
with the US Securities and Exchange Commission.
The shares to be included in the Registration Statement will be
all those restricted shares currently held by non-affiliated
shareholders as well as new shares to be issued by Ventana. Ventana
will not receive any of the proceeds from the sale of the shares by
its stockholders but intends to use the net proceeds it receives
from the offering of the new shares for general corporate purposes
and for the acquisition of further intellectual property and patent
rights. The number of shares to be registered and the price range
for the offering have not yet been determined.
The Company expects to file the Registration Statement relating
to these securities in the 4th quarter of 2009. These securities
may not be sold nor may offers to buy be accepted prior to the time
the Registration Statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which the offer,
solicitation or sale of securities would be unlawful prior to their
registration and qualification under the securities laws of any
such state or jurisdiction.
About Ventana Biotech Inc
Ventana is positioning itself as the leading bioscience company
in the development and commercial licensure of novel therapeutic
anti-obesity drug treatment. The company leverages cutting-edge
research collaborations to achieve breakthroughs in innovative
anti-obesity treatments, and then licenses these patented drug
product candidates to Big Pharmaceutical and Biotechnology
companies.
FORWARD-LOOKING STATEMENTS:
Statements about Ventana's future expectations and all other
statements in this press release other than historical facts are
"forward-looking statements" within the meaning of section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as the term is defined in the Private Litigation
Reform Act of 1995. Ventana's actual results could differ
materially from expected results. Ventana does not undertake any
obligation to update forward-looking statements to reflect
subsequently occurring events or circumstances. Should events occur
which materially affect any comments made within this objective;
Ventana will appropriately inform the public.
For more information about Ventana Biotech Inc please contact
investor@ventanabiotech.com.
Contacts: Ventana Biotech Inc Janne Christensen, CEO BCB 1
Bachstrasse Butschwil CH-9606 Switzerland Mobile: +44 7930 732
426
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