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Torrey Hills Capital retained by Canadian cosmetic ingredient company

Sirona Biochem Corp., a Vancouver-based cosmetic ingredient and drug discovery company, announced on Thursday that it has retained the services of Rancho Santa Fe-based San Diego Torrey Hills Capital Inc. to provide market awareness and investor relations services.

According to a release, Torrey Hills Capital will develop and manage a comprehensive finance and investor relations campaign for Sirona, including building and maintaining an investor audience, increasing awareness of the company in the investor community and coordinating communication with management and investment professionals.

Under the terms of the agreement, Sirona will pay Torrey Hills Capital $4,000 per month for a period of six months, and grant Torrey Hills 400,000 stock options for a period of three years at an exercise price of 16 cents per share, with vesting in accordance with TSX Venture Exchange policies and the Sirona's stock option plan. Torrey Hills, through its officers, directors, employees, and consultants, also controls approximately 25,000 common shares of stock of the company, which were purchased on the open market.

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