Paracelsian, East West Herbs Ltd. deal

PRLN signed an option to acquire East West Herbs, a distributor of traditional Chinese medicines, for $3.2 million. PRLN will pay $800,000 in cash and the balance in PRLN common shares at the higher of $2.75 per share or the market price of the shares at the time of closing. PRLN, which closed at $2.50 on Friday, has 10.1 million shares outstanding prior to the acquisition. PRLN also agreed to make a working capital loan to East West Herbs for inventory purchases and other corporate purposes. ...