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Arch Biopartners Inc.

10:57 AM EST - Arch Biopartners Inc. : Has closed the non-brokered private placement the Company disclosed in a press release January 26. Pursuant to the Offering, Arch issued 2,500,000 Common Shares priced at $0.50 per common share for net proceeds of $1,250,000. Arch Biopartners Inc. shares V.ARCH are trading unchanged at $0.60.