June 1 (Reuters) - Kane Biotech Inc KNE.V
* Kane Biotech announces private placement offering
* Intention of company to undertake a non-brokered private placement offering of up to 33.3 million units at $0.12 per unit
* Kane Biotech Inc says net proceeds of offering will be used for business development, technology and product commercialization, among others Source text for Eikon: ID:nCCN6BWhYa Further company coverage: KNE.V