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Advitech and Natunola complete merger and C$3.5 million private placement

Date Closed

October 7, 2011

Lead Office

Québec City

Value

6.80 Million CAD

On Oct. 7, 2011, Botaneco Corp., formerly known as Advitech Inc., ("the "Corporation") and Natunola Health Biosciences Inc. ("Natunola") are announced the closing of their previously announced merger transaction (the "Transaction") and concurrent private placement for aggregate gross proceeds of C$3,520,000 (the "Private Placement"). The Corporation also announced the 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 the change of its name from "Advitech Inc." to "Botaneco Corp." The common shares of the Corporation will be trading under the "BOT" symbol further to the Transaction while the Natunola common shares will be delisted from the TSX-V and Natunola will continue its activities as a wholly-owned subsidiary of the Corporation.

Advitech, headquartered in Québec City, Québec, is a health sciences and technology company.

Natunola, headquartered in Winchester, Ontario, 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.

McCarthy Tétrault LLP represented Advitech, with a team led by Philippe Leclerc.

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