BANKRUPTCY OR RECEIVERSHIP
On January 24, 2008, an Extraordinary Meeting of the Stockholders was held and a majority of the stockholders voted that Viropro, Inc. has until March 24, 2008 to secure financing. If no financing is secured, Viropro, Inc. will be forced to cease all of its operations.
Viropro, Inc. has dedicated much time and effort to developing its technologies/know how/process development throughout the previous 2 years. Moreover, during those 2 years, Viropro, Inc. succeeded in signing Memorandums of Understanding, Letters of Intent, and various Agreements. However, notwithstanding the fact that Viropro, Inc. has implemented continuous efforts to identify and secure potential investors, Viropro, Inc. does not have sufficient operating capital to continue its day-to-day operations.
Accordingly, Viropro, Inc. has until March 24, 2008 to consider and employ various proposals submitted at the January 24, 2008 Extraordinary Special Meeting of the Shareholders in order to secure the necessary financing required for adequate restructuring of the company or Viropro, Inc. will be obligated to cease all of its operations.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 4th day of February, 2008.
VIROPRO, INC.
/s/ Prosper Azoulay
By:
Prosper Azoulay, Vice-President Operations, Director