Burcon Issues Stock

Burcon Issues Stock

VANCOUVER, B.C.--Burcon NutraScience Corp. (TSX:BU)announced April 9 it intended to issue, on a private placement basis, up to500,000 units at $1.50 per unit. Each unit consists of one common share and oneshare purchase warrant for an additional common share at the price of $2.25 pershare, exercisable for a period of two years from the date of issue of theunits.

The proceeds form the placement will be used for general workingcapital purposes, including legal and tax advisory fees incurred in connectionwith the negotiation of a definitive licensing agreement with Archer DanielsMidland.