Hemosol (NASDAQ:HMSLD)
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Hemosol Receives Receipt for Final Prospectus
TORONTO, June 20 /PRNewswire-FirstCall/ -- Hemosol Corp. (NASDAQ:HMSLDNASDAQ:
TSX:NASDAQ:HML) today announced that it has received a final receipt from the
Ontario Securities Commission for its long form prospectus. This prospectus
qualifies for distribution the common shares and warrants underlying the
special warrants sold to investors by way of Hemosol's previously announced
private placement on April 8, 2005. The special warrants will be deemed
exercised at 5:00 p.m. (EST) on June 27, 2005.
About Hemosol
Hemosol is a biopharmaceutical company focused on the development and
manufacturing of biologics, particularly blood-related proteins. Hemosol has a
broad range of novel therapeutic products in development, including oxygen
therapeutics and protein-based therapeutics to treat certain infectious
diseases, cancers and anemia.
For more information visit Hemosol's website at http://www.hemosol.com/.
The Common Shares are listed on the NASDAQ Stock Market under the trading
symbol "HMSLD" and on the Toronto Stock Exchange (TSX) under the trading symbol
"HML".
Certain statements concerning Hemosol's future prospects are "forward- looking
statements" within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and other applicable securities legislation.
There can be no assurances that future results will be achieved, and actual
results could differ materially from forecasts and estimates. Important factors
that could cause actual results to differ materially from forecasts and
estimates include, but are not limited to: Hemosol's ability to successfully
implement the Cascade technology and commercialize products derived there from;
Hemosol's ability to obtain additional financing which is critical to the
implementation of the Cascade technology and to Hemosol's continued viability
as a going concern; Hemosol's ability to obtain regulatory approvals for its
products; Hemosol's ability to successfully complete clinical trials for its
products; Hemosol's ability to enter into satisfactory arrangements for the
supply of materials used in its manufacturing operations and the sale of
resulting products to customers; technical, manufacturing or distribution
issues; the competitive environment for Hemosol's products and services; the
degree of market penetration of Hemosol's products; Hemosol's ability to
attract and retain clients for its bio-manufacturing services; the risk that
Hemosol may not become profitable; and other factors set forth in filings with
Canadian securities regulatory authorities and the U.S. Securities and Exchange
Commission. These risks and uncertainties, as well as others, are discussed in
greater detail in the filings of Hemosol with Canadian securities regulatory
authorities and the U.S. Securities and Exchange Commission. Hemosol makes no
commitment to revise or update any forward-looking statements in order to
reflect events or circumstances after the date any such statement is made.
DATASOURCE: Hemosol Corp.
CONTACT: Jason Hogan, Investor & Media Relations, (416) 361-1331,
(800) 789-3419, (416) 815-0080 fax, , http://www.hemosol.com/;
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http://www.newswire.ca/ and click on reports@cnw.