BioSyntech Inc.(INDUSTRIAL Briefs)

BioSyntech Inc. announces the resignation of Nick Losey as a member of the board. The resignation is subsequent to Losey's resignation from Highland Capital Management. Under the terms of an underwriting agreement, Highland Capital Management has the right to nominate one member to the board of the company. No replacement has been appointed at this time. BioSyntech Inc. has also given notice to its debentureholders that it exercised its right to make the interest payment of $745,000 due on June 30, 2009 by issuing common shares. The number of common shares issued on the date will be equal to the amount of the interests, divided by 95 percent of the volume weighted average trading price per common share for the five trading days immediately preceding.

Print Get the Mag Weekly Updates