Sirona Biochem Corp. (TSXV:SBM) announced a non-brokered private placement of 33,400,000 units at a price of CAD 0.16 per unit for gross proceeds of CAD 5,344,000 on January 8, 2014. Each unit consists of one common share and one-half of one transferable warrant.

Each warrant entitles the holder to purchase one common share at an exercise price of CAD 0.27 per share for a period of three years. The company may pay finders' fees equal to not more than 8% of the total proceeds received pursuant to units placed by such finder and issue warrants equal to 8% of the number of units sold pursuant to the finder. The finders' warrants entitle the holder to purchase one-half of one common share at an exercise price of CAD 0.27 per share for a period of three years from closing.

The securities will be subject to hold-period in accordance with the TSX Venture Exchange. The transaction is subject to customary conditions, including TSX Venture Exchange acceptance.