Jan 2 (Reuters) - Hemostemix Inc HEM.V :
* HEMOSTEMIX ANNOUNCES PRIVATE PLACEMENT
* HEMOSTEMIX INC - PROCEED WITH A NON-BROKERED PRIVATE PLACEMENT OF UP TO 300 MILLION UNITS AT $0.01 PER UNIT FOR GROSS PROCEEDS OF UP TO $3.0 MILLION
* HEMOSTEMIX INC - PROCEEDS FROM OFFERING WILL BE USED FOR SECURED DEBT REPAYMENT, REPAYMENT OF RELATED PARTY LOANS, SETTLING CERTAIN ACCOUNTS PAYABLE