Medwell Capital Announces Timing For Closing of Private Placement

    




 EDMONTON, Sept. 26, 2012 /CNW/ - Medwell Capital Corp. ("Medwell" or the  "Company")  today announced that closing of its private  placement and reorganization has been scheduled for Tuesday, October 2,  2012.  The private placement has been increased from 2,656,250 common  shares at a price of $1.60 per share to 2,719,625 common shares at a  price of $1.60 per share for gross proceeds of $4,351,400.  Further  details of the private placement and reorganization are contained in  the Company's news release dated August 2, 2012. 

 About Medwell Capital Corp. 

 Medwell Capital Corp. is a Canadian-based investment and advisory firm.  For further information please visit www.medwellcapital.com. 

 Neither TSX Venture Exchange nor its Regulation Services Provider (as  that term is defined in the policies of the TSX Venture Exchange)  accepts responsibility for the adequacy or accuracy of this release.   

 This press release may contain forward-looking statements, which reflect  the Company's current expectation regarding future events.  These  forward-looking statements involve risks and uncertainties that may  cause actual results, events or developments to be materially different  from any future results, events or developments expressed or implied by  such forward-looking statements.  Such factors include, but are not  limited to, changing market conditions, the successful and timely  completion of clinical studies, the establishment of corporate  alliances, the impact of competitive products and pricing, new product  development, uncertainties related to the regulatory approval process  and other risks detailed from time to time in the Corporation's ongoing  quarterly and annual reporting.  We undertake no obligation to publicly  update or revise any forward-looking statements, whether as a result of  new information, future events or otherwise. 

Medwell Capital Corp.


CONTACT:  Tony HesbyMedwell Capital Corp.780-413-7152780-408-3040 [e-mail] Michael MooreInvestor RelationsTMX [e-mail] 


    

Copyright