Warnex to Acquire Molecular World for $629K

May 28, 2009

NEW YORK (GenomeWeb News) – Warnex said yesterday that it has signed an agreement in principle to acquire a DNA identification lab called Molecular World for 2 million of its common shares and the assumption of around C$350,000.

Based on Warnex's closing price of C$.175 on the Toronto Stock Exchange yesterday, the deal is valued at roughly C$700,000 (US$629,000).

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