Velan Inc.
TSX : VLN

Velan Inc.

December 22, 2009 12:33 ET

Velan Inc. Issues a Response to Unusual Market Activity in its Stock

MONTREAL, QUEBEC--(Marketwire - Dec. 22, 2009) - At the request of Market Surveillance on behalf of the Toronto Stock Exchange, the Company notes that it is not aware of any corporate developments that might explain the unusual recent market activity. The Company continues to work on obtaining various project contracts, including a contract for approximately $27 million that is close to being finalized.

J.D. Ball

CFO

Contact Information

  • VELAN Inc.
    Tom Velan
    President
    514-748-7743
    514-908-0180 (FAX)
    or
    VELAN Inc.
    M. John D. Ball
    Chief Financial Officer
    514-748-7743
    514-908-0180 (FAX)