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ARIUS announces second quarter fiscal 2008 financial results


Leasehold inducement - -

Non-cash stock-based

compensation 866,895 434,620

Accretion of convertible

debentures - -

Loss on extinguishment of

debt - -

Services received for common

shares - -

Write-off of investment - -

Interest expense paid in

common shares - -

Change in non-cash operating

working capital items (674,854) 1,221,090


(6,000,304) (3,541,381)

Financing activities:

Issue of shares, warrants and

units, net of issuance costs 305,486 -

Issuance of convertible bridge

loan, net - -

Repayment of convertible bridge

loan, including costs - -

Exercise of compensation

warrants 1,697,446 -

Exercise of stock options 153,917 -

Draw of bank line of credit - -

Repayment of bank line of

credit - -

Bridge loan - -

Repayment of bridge loan - -

Repayment of capital lease

and equipment financing

obligations (12,630) (17,433)


2,144,219 (17,433)

Investing activities:

Purchase of short-term


SOURCE ARIUS Research Inc.
Copyright©2008 PR Newswire.
All rights reserved

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