MedX Health to raise $2 million in private placement

Each unit shall consist of one common share and one-half share purchase warrant. Each warrant shall be exercisable, for 24 months following closing, at a price and on terms to be determined in the context of the market. Closing is expected to take place on or about June 9, 2008.

Proceeds of the placement will augment the proceeds from the company’s recent public offering. The combined proceeds will be used to expand the company’s distribution network; support its marketing program; continue development of new dental, rehabilitation and wound care products; undertake R&D for wound care products; to partially repay term debt; and for working capital purposes.