VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2010) - Functional Technologies Corp. (TSX VENTURE:FEB), a world leader in yeast research and development, today announced that 2,729,666 of outstanding share purchase warrants were exercised under a warrant exercise incentive program announced April 8, 2010, raising total gross proceeds of approximately $1.64 million. All securities issued pursuant to the warrant program will have a hold period that expires September 7, 2010.
About Functional Technologies Corp.
Functional Technologies develops and commercializes proprietary technologies that enhance the natural properties of yeast and algae – nature's microscopic workhorses. Our scientists apply novel techniques to these micro-celled organisms to resolve significant health and quality problems, and generate new opportunities in the global food, beverage and healthcare industries. Our first commercial products are our Phyterra™ line of proprietary yeast strains, designed to reduce the formation of foul-smelling hydrogen sulphide and the carcinogen urethane in wines and other fermented products. With a head office in Vancouver, Functional Technologies has research and development facilities in Prince Edward Island and a U.S. sales office in Napa Valley, California. For more information go to www.functionaltechcorp.com.
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