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As promised, we chat with Theralase

Big Al
February 25, 2015

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Theralase arranges $8-million public offering

2015-02-24 17:42 ET – News Release

Mr. Roger Dumoulin-White reports

THERALASE ANNOUNCES PROPOSED PUBLIC OFFERING OF UNITS

Theralase Technologies Inc. proposes to offer for sale a minimum of 9,090,910 units of the corporation and a maximum of 18,181,819 units at a price of 44 cents per unit for minimum total gross proceeds of approximately $4-million and maximum total gross proceeds of approximately $8-million.

Each unit will consist of one common share of the corporation and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of 54 cents for a period of 60 months following the date of issuance.

In connection with the offering, the corporation has engaged Euro Pacific Canada Inc. to offer the units for sale to the public on a commercially reasonable-efforts basis. For its services, the agent will receive a cash commission equal to 8.0 per cent of the gross proceeds raised under the offering (exclusive of proceeds raised from the president’s list) and that number of non-transferable broker warrants equal to 5.0 per cent of the number of units sold (exclusive of units sold to subscribers on the president’s list). Each broker warrant will be exercisable into one unit for a period of 60 months from the closing of the offering at a price of 54 cents per unit.

The offering is expected to close on or about March 2, 2015. The offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals (including TSX Venture Exchange approval). The units will be qualified for sale by way of a prospectus supplement to the corporation’s short form base shelf prospectus dated Jan. 9, 2015, which will be filed in the provinces of British Columbia, Alberta and Ontario.

The net proceeds of the offering will be used to finance research and development activities by Theralase’s photo dynamic therapy (PDT) division, commercialization activities by Theralase’s therapeutic laser technology (TLT) division, and for working capital and general corporate purposes.

We seek Safe Harbor

Discussion
34 Comments
    Feb 25, 2015 25:07 PM

    Thanks for the update.

      Feb 25, 2015 25:20 PM

      Yes, I also appreciate the update. I think Doc was saying he saw another good entry point coming up in a week or two but the stock would be pressured down for awhile yet.

    Feb 25, 2015 25:07 PM

    Do you think Theralase will do better than Beefstake Mines if gold goes to 5K?

      Feb 25, 2015 25:39 PM

      Beefstake Mines?

    Cfs
    Feb 25, 2015 25:21 PM

    Well they may know a lot about oncology, lasers and photodynamic pharmaceuticals, but in my opinion they ,the management, are suckers at dealing with financing and for that reason I will be selling my holdings in this company in the near future.

      Feb 25, 2015 25:40 PM

      You gotta do what you gotta do, CFS!

    Feb 25, 2015 25:59 PM

    Euro Pacific Canada Inc – isn’t that our mate Peter Schiff?
    I just found this online, gold commentary from Traderr Rog at end of 2010, gold at $1400.
    I miss that catchy little intro music!
    http://www.kereport.com/2011/01/14/media-news-gold/
    The low was $309 from $1430 then in 2011 up to $1577 then up to 1920.
    Now it’s $1200
    THERE YOU GO!

    Feb 25, 2015 25:04 PM

    0.78/share 2 months ago.

    0.54/share yesterday.

    A 0.44 cent offering with 54 cent warrants for 5 YEARS! FIVE YEARS!

    A teenager taking the Canadian Securities Course would say WHAT? if he were in that boardroom.

    Feb 25, 2015 25:12 PM

    Pump and dump?

    Feb 25, 2015 25:27 PM

    I do not own Therelase, but have been following Big Al’s non investment advise.
    Can’t help but thing that Mr. Roger White new that the Company needed to refinance and at no point in time was this ever mentioned or at least I never heard Mr. White mention that Therealase needed money to continue.
    It makes me wonder about him and my thoughts are not good.
    The companies intention might be good but I wonder about Mr. White.

    Peter

      Feb 25, 2015 25:01 PM

      You REALLY need to do more research next time. It was well known early into 2014 a financing would be completed. In fact, common sense alone would tell you that.

    Feb 25, 2015 25:42 PM

    These stocks aren’t buy and hold and if you don’t understand that you will lose a lot of money. Do you know how to make money on the markets just sell if you have a small profit and protect yourself with stop losses.

      Feb 25, 2015 25:45 PM

      When was the last time the banks paid you anything if you see 10-15% sell.

        Feb 25, 2015 25:14 PM

        I don’t know what a lot of the people here expect, most people who make money are sharks that are void of emotion. Most people will lose that is just the way it works and if you have been playing risk for years know one has to tell you that.

        DT………….IS SPOT ON……………………….

    Cfs
    Feb 25, 2015 25:34 PM

    It’s not the refinancing that worried me. It was the gullibility shown in the acceptance of the terms.

    Feb 25, 2015 25:51 PM

    when a company has to advertise on various blpg sites to boost their stock price it makes me very wary. In addition, they seem to come out with breaking news every week about a new discovery TYis in my opinion, a marketing ploy to boost the stock price. Lastly, I wonder how long they can even keep the stock price up before people realize they won’t be making money anytime soon or anytime long term. I guess if they keep on reporting breaking news people will buy into that JMHO.

    Feb 25, 2015 25:25 PM

    I may add that by posting breaking news almost every week and advertising or promoting this penny stock very often on this site may have positive impact on the stock price. I believe one just needs to know when to sell before it drops due to some financial awakening.

    PF
    Feb 25, 2015 25:15 PM

    Peter Schiff took ’em to the cleaners on this deal.

    Feb 25, 2015 25:27 PM

    A sad day for we current stock holders. I thought Rick Rule drove a hard bargain for warrants, he could take a lesson from Euro Pacific. FIVE YEAR warrants! Well screw us for sure. As CFS sez it’s the terms that tell the story. I thought this was a buy & hold stock, Dick Tracy is right I should have taken the double and ran. I have lost faith in Management on the financial side.

    Chris

    Cfs
    Feb 25, 2015 25:03 PM

    There is a positive comment I will make. There is no reported insider selling.

      Feb 25, 2015 25:13 PM

      Like Bob M say’s a lot of insider selling and buying doesn’t get reported, it should be but it isn’t.

    LONDON FIX……………..WHAT A JOKE……………….CHINA GOT THE GOLD……

    Feb 26, 2015 26:49 AM

    Now there’s more gold then tea in China, TEE HEE!

    Feb 26, 2015 26:14 AM

    If I understand correctly, the stock price is pretty much capped @ 54 cents for the next 5 years?

    Brian

    Cfs
    Feb 26, 2015 26:40 AM

    No, Brian. As I interpret the stupid issue of full warrants for five years, we will have significant naked shorting (even by the refinancing brokerage) until they run out of warrants, every time the stock tries to move above 54 cents.
    It is not clear which will happen first……whether the shorting stops or the stock totally collapses or survives.
    I.e. It is possible stock is capped at 54 cents for a while, but this could cause a lack of investor interest which will collapse the value totally.
    If Theralase is lucky enough to have a treatment breakthrough, they may survive, but this financing made the stock vulnerable to naked shorting attacks.

    Cfs
    Feb 26, 2015 26:47 AM

    I believe the issuance of warrants, while providing an extra source of funding for companies when the warrants are exercised, has, in fact, killed more companies than it has ever helped.
    I realize naked shorting is illegal, but it happens, and FTDs are common.

    Feb 26, 2015 26:59 AM

    Just out of curiosity did you guys buy Theralase because you saw it advertised and discussed on this podcast and blog site?

      Cfs
      Feb 26, 2015 26:12 AM

      Yes.
      However, it is one of several anti-cancer stocks I own.

    Feb 26, 2015 26:03 AM

    same holds true for Miraculins. Did anyone on this site buy this stock?

      Feb 26, 2015 26:13 AM

      I bought neither one. I prefer mining stocks like Beefstake Mines.

        Feb 26, 2015 26:52 AM

        Me too. Good times are straight ahead for Beefsteak Mining!

          Feb 27, 2015 27:25 AM

          And for Hartebeestfontaine Mines too!