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Microbix Biosystems Inc.

11:46 AM EST - Microbix Biosystems Inc. : announced today it has signed a letter of intent to finance the development of the LumiSort® prototype instrument for its semen sexing technology.LumiSort® is a completely new instrument-based livestock sex selection technology that will significantly improve the yield and quality of sexed semen leading to higher conception rates and better economics compared to current methods. Microbix Biosystems Inc. shares T.MBX are trading down $0.005 at $0.32.