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VANCOUVER, British Columbia, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Rakovina Therapeutics Inc. (TSX-V: RKV, the "Company” or "Rakovina Therapeutics”) a biopharmaceutical company committed to advancing new cancer therapies based on novel DNA-damage response technologies is pleased to announce that its previously announced private placement has been further upsized up to $3 million, based on strong indications of interest from potential investors in the financing. The Offering is structured as units priced at $0.06 each, with each unit consisting of one common share and one warrant to purchase a common share. Each warrant entitles the holder to purchase one additional common share at a price of $0.10 per share, exercisable for a period of 24 months. Rakovina retains the right to accelerate the warrant exercise period if the 20-day volume-weighted average price of its shares exceeds $0.30. The Company plans to use the proceeds to continue the discovery and advancement of novel cancer treatments by leveraging collaborations with two proprietary Artificial Intelligence (AI) platforms: the Deep DockingTM AI platform and the Variational AI EnkiTM Platform. The Company also plans to continue the development of its kt-3000 series through collaborations and partnerships with biotech and pharma companies. The Offering is subject to all necessary regulatory approvals including acceptance from the TSX Venture Exchange. The Units will be sold on a non-brokered "private placement” basis in accordance with applicable Canadian securities laws and under applicable exemptions from prospectus and registration requirements and the securities will be subject to resale restrictions for a period of four months plus one day from the date of issue. About Rakovina Therapeutics Inc. Rakovina Therapeutics Inc. is focused on the development of new cancer treatments based on novel DNA-damage response technologies. The Company has established a pipeline of novel DNA-damage response inhibitors with the goal of advancing one or more drug candidates into human clinical trials and obtaining marketing approval for new cancer therapeutics from Health Canada, the United States Food and Drug Administration and similar international regulatory agencies. Further information may be found at www.rakovinatherapeutics.com . The TSXV has neither approved nor disapproved the content of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Notice Regarding Forward-Looking Statements: This release includes forward-looking statements regarding the Company and its respective business, which may include, but is not limited to, statements with respect to the terms of the private placement, the closing of the private placement, the investors who will participate in the private placement, the proposed business plan of the Company; the Company's commitment to advancing new cancer therapies; the ability of the Company to extract value from the Deep Docking AI platform; the Company's ability to execute on its business plans while maintaining high standards of research; the ability of Pharma Inventor Inc. to accurately provide medicinal chemistry support; the projected timeline and effectiveness of the Company's strategy to utilize the Deep Docking AI platform; and the Company's ability to generate shareholder value. Often, but not always, forward-looking statements can be identified by the use of words such as "plans”, "is expected”, "expects”, "scheduled”, "intends”, "contemplates”, "anticipates”, "believes”, "proposes” or variations (including negative variations) of such words and phrases, or state that certain actions, events, or results "may”, "could”, "would”, "might” or "will” be taken, occur or be achieved. Such statements are based on the current expectations of the management of the Company. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including risks regarding the medical device industry, economic factors, regulatory factors, the equity markets generally and risks associated with growth and competition. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. The reader is referred to the Company's most recent filings on SEDAR for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at www.sedar.com . For Further Information Contact: David Hyman, Chief Financial Officer [email protected] Invest Relations & Media Michelle Seltenrich [email protected] 778-773-5432
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Ex-NABTEB registrar seeks HND scrapping, advocates degree awards by polysNova Scotia Liberal vote crumbles because of 'damaged' brand, leader tied to TrudeauThe world of milk has changed drastically in the last few years. Talking about milk once boiled down to two things -– whether or not you drink it and what percentage of fat you prefer if you do. Now, that are likely to taste quite different from one another while also having unique nutritional impacts on your body. In this sea of dairy products comes organic milk. While many see the term as a one-size-fits-all definition, knowing what organic milk is and what it isn't is very important to consumers paying more for what they believe is a healthier alternative to standard milk. Organic milk is essentially milk that is gathered by grass-fed cows who haven't been tampered with via hormones or antibiotics which can affect the animal's physical growth and milk production. This means the organic distinction for milk is focused on the health and maintenance of the cow that produces it, rather than the pasteurization process that comes after the milk is acquired. However, because savvy branding is easy to misinterpret and the stipulations surrounding organic milk are easy to work around, not all organic milk is created equal. So, to make sure your milk is truly as healthy as the price tag leads you to believe, you might need to do a bit more digging. The difference between raw milk and organic milk For starters, one thing needs to be clarified — there is a massive difference between raw and organic milk. While organic milk is typically pasteurized in a similar way to standard cow's milk, . This means the milk is practically untouched on the way from the cow to the carton, and while this could be seen as a good thing to some, its downsides are plentiful. To start, raw milk is far more susceptible to harmful bacteria than its pasteurized alternatives. This makes sense, given that pasteurization was a major technological advancement in ensuring that milk is safe to drink. Furthermore, while people who drink raw milk swear by it as a healthy aspect of their lifestyles, many health advisors warn against it due to its lack of meaningful health benefits, relatively speaking. However, beyond that, the legal requirements to be deemed organic milk become a bit less clear. More specifically, while the ways in which cows are fed are often quite important to consumers in this conversation, that's not always the case when it comes to major organic milk manufacturers. How to know whether your milk is organic or not The most frustrating thing about organic milk is its lax rules when it comes to grass-fed cows. Many organic milk brands, especially ones that are legitimately sourced locally or provided by small businesses, comply with the rule that cows must be grass-fed and allowed to graze for their milk to be considered organic. Some companies, however, don't comply by feeding their cows things that consumers aren't expecting organic dairy cows to be eating. In fact, some organic dairy farms look concerningly similar to standard, non-organic dairy farms. So, how do you detect the difference between a legitimate organic milk brand and a faux-organic one? Well, it all comes down to the fine print and doing a little extra research — make sure you carefully examine that . Since legitimate organic milk is oftentimes locally sourced, you can look at the milk processing code, plug it into , and find out if the milk comes from a local provider. And then you have the , which is an organization that scores dairy companies on how organic their products are. Using both resources together could give you a good path forward if you are looking to buy truly organic milk. Recommended