Canguard Health Technologies Inc. of Vancouver, BritishColumbia, announced Friday that it has completed a privateplacement of 200,000 units at C15 cents (about 12.3 cents U.S.)each.

The units consist of one common share and one warrant. Thewarrants are exercisable to buy common shares at U.S.12.3cents for one year from the date of unit purchase. All stock sopurchased must be held for a year.

Canguard was recently granted $30,000 by the Canadiangovernment to investigate means for producing the anti-cancerdrug taxol from sources other than the Pacific yew tree.

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