Hemostemix Inc., of Blackfalds, Alberta, said it reached an agreement with Wood Capital Ltd. on a non-brokered senior secured debt financing of C$4.4 million (US$3.29 million) in one or more tranches. The agreement also contemplates that a non-brokered or brokered private placement or placements of a minimum of C$4 million to a maximum of C$8 million will also be completed.