Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the “Company“, “Sona“) is pleased to announce the issuance of U.S. Patent No. 12117447 by the U.S. Patent and Trademark Office to the Company, entitled, “Metal Nanoparticles and Methods of Making Same“. This patent covers the Company’s proprietary process for manufacturing gold nanorods without the use of the toxic substance, cetyltrimethylammonium bromide (“CTAB”), which typically carries significant cytotoxic and genotoxic risks.
Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the “Company“, “Sona“) is pleased to announce the issuance of U.S. Patent No. 12117447 by the U.S. Patent and Trademark Office to the Company, entitled, “Metal Nanoparticles and Methods of Making Same“. This patent covers the Company’s proprietary process for manufacturing gold nanorods without the use of the toxic substance, cetyltrimethylammonium bromide (“CTAB”), which typically carries significant cytotoxic and genotoxic risks.
Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the “Company” or “Sona”) is pleased to announce that it has granted 25,000 incentive stock options under the Company’s Stock Option Plan (“Option Plan”) to a consultant. Each option is exercisable into one common share at a price of $0.30 per share and will vest at the rate of 25% every six months. The options will expire five years from the date of grant. All other terms and conditions of the options are in accordance with the terms of the Company’s Option Plan.
Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the “Company” or “Sona”) is pleased to announce that it has closed its non-brokered private placement that was announced on September 5, 2024 with the issuance of 6,575,000 common shares (each, a “Share”) at $0.25 per share (the “Financing”) for gross proceeds of $1,643,750. One Insider of Sona subscribed for 400,000 of those common shares for gross proceeds of $100,000. The subscription to the Financing by one insider of the Issuer is a related party transaction for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Issuer is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the insider’s subscription does not exceed 25% of the market capitalization of the Issuer as determined in accordance with MI 61-101. This Financing, together with Sona’s financing that closed on September 5, 2024, totals gross proceeds of $3,143,750.
Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the “Company” or “Sona”) is pleased to announce that it has closed its non-brokered private placement that was announced on July 31, 2024 with the issuance of 6,000,000 common shares (each, a “Share”) at $0.25 per share, (the “Financing”).
Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the “Company”, “Sona”) is pleased to announce that it plans to raise up to $1,500,000 through a private placement financing (the “Financing”) of up to 6,000,000 common shares of Sona (each, a “Share”) at a price of $0.25 per Share (the “Offering Price”). Insiders and certain other existing shareholders of Sona may also subscribe for Shares under the Financing.
Sona Nanotech Inc. (CSE: SONA)(OTCQB: SNANF) (the “Company” or “Sona”) is pleased to announce that its targeted hyperthermia therapy (“THT”) demonstrated positive results in a second preclinical cancer model. Findings just presented at the 2024 STING & TLR Targeted Therapies Summit for immunotherapies in San Diego, California, show that Sona’s THT achieved responses in a preclinical melanoma model equal to that which was recently reported from its triple negative breast cancer study. THT effectively treated melanoma tumors in all animals when administered on its own. Further, when THT was combined with doses of interleukin-2 (“IL-2”), a standard immunotherapy, a synergistic effect was shown whereby greater treatment response, measured by tumor volume reduction, was achieved in comparison to either approach alone.
Sona Nanotech Inc. (CSE: SONA)(OTCQB: SNANF) (the “Company” or “Sona”) is pleased to announce that its targeted hyperthermia therapy (“THT”) demonstrated positive results in a second preclinical cancer model. Findings just presented at the 2024 STING & TLR Targeted Therapies Summit for immunotherapies in San Diego, California, show that Sona’s THT achieved responses in a preclinical melanoma model equal to that which was recently reported from its triple negative breast cancer study. THT effectively treated melanoma tumors in all animals when administered on its own. Further, when THT was combined with doses of interleukin-2 (“IL-2”), a standard immunotherapy, a synergistic effect was shown whereby greater treatment response, measured by tumor volume reduction, was achieved in comparison to either approach alone.
Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the “Company” or “Sona”) is pleased to advise that it has appointed Dr. Carman Giacomantonio MD, MSc., FRCSC (Cav.) to be the Company’s Chief Medical Officer. Dr. Giacomantonio is a practicing Surgical Oncologist at the QEII Health Sciences Centre and a Professor of Surgery at Dalhousie University. Dr. Giacomantonio leads a productive translational research group at Dalhousie University and has successfully initiated two clinical trials in cancer immunotherapy. He is widely published in the field of cancer immunobiology and immunotherapy research, and a recognized innovator in the field of intra-tumoral cancer immunotherapy. Dr. Giacomantonio currently serves on Sona’s Advisory Board and is the Principal Investigator for Sona’s pre-clinical studies using Sona’s gold nanorods in its Targeted Hyperthermia Therapy (“THT”) for triple negative breast cancer, melanoma, and colorectal cancer. Sona is extremely excited to have Dr. Giacomantonio’s vision and experience to lead the development of our THT-based immunotherapy towards first-in-human clinical trials.
Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) (the “Company” or “Sona”) announces that it has been approved for funding totaling approximately $40,000 to support the development of its intellectual property portfolio.
The Company is receiving advisory services and up to $24,894 in funding from the National Research Council of Canada Industrial Research Assistance Program (“NRC IRAP”) IP Assist program to support the development of an intellectual property strategy for Sona’s proprietary gold nanorods for novel targeted drug delivery concepts with a view to securing new patents.