QUEBEC CITY, QUEBEC--(Marketwire - Oct. 13, 2011) - Botaneco Corp., formerly known as Advitech Inc. ("the "Corporation"), is pleased to announce that it has received final approval of the TSX Venture Exchange with respect to the previously announced merger transaction with Natunola Health Biosciences Inc. ("Natunola"), consolidation of its issued and outstanding common shares (the "Consolidation") on the basis of four pre-Consolidation shares for every one post-Consolidation share and change of its name from "Advitech Inc." to "Botaneco Corp." The common shares of the Corporation will commence trading on the TSX Venture Exchange at the opening of trading on October 14, 2011 under the "BOT" symbol. The Natunola common shares have been delisted from the TSX-V at the close of trading on October 13, 2011 and Natunola will continue its activities as a wholly-owned subsidiary of the Corporation.
About Botaneco Corp.:
Botaneco Corp., which includes its subsidiary Botaneco Specialty Ingredients Inc. since November 20, 2009 and its subsidiary Natunola Health Biosciences Inc. ("Natunola") since October 7, 2011, is a health sciences and technology company developing, manufacturing and marketing proprietary natural ingredients and formulations for oral and topical applications that have been clinically proven to be safe and effective for improving skin health and well being. More information is available and can be accessed at www.botaneco.ca
Natunola and its manufacturing plant are located in Winchester, Ontario. Natunola is a manufacturer and researcher in the field of flax seed derived omega -3 fatty acids, flax protein, flax lignans, specialty natural products, bio-nutrients and functional supplements for human and animal care markets. Natunola also produces canola oil gels and other natural ingredients for the cosmetic and personal care industry. Natunola has a retail health product line under the brand name of Natunola® Health's Delight. Natunola was the winner for the National Canadian Agri-Food Award of Excellence for Innovation for the year 2008. www.natunola.com
This news release contains forward-looking statements and information ("forward looking statements") within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law and neither the Corporation nor Natunola does not undertakes any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.