Innovotech seeks to raise funds
The Canadian company, Innovotech (Alberta, Canada), is seeking to raise up to Can$1.5 million (US$1.5 million) from a private share placement. The offer is subject to achieving minimum proceeds of Can$500,000. Innovotech intends to use the funds for a variety of purposes, including gaining product approvals. The company is developing an oxysilver nitrate-based seed treatment, Agress, in collaboration with Syngenta ( Agrow No 588, p 3).