Jan 17 (Reuters) - Lexaria Bioscience Corp LXX.CD :
* ALTRIA GROUP INVESTS UP TO $12M IN LEXARIA BIOSCIENCE'S DEHYDRATECH™ TECHNOLOGY
* LEXARIA NICOTINE - ALTRIA WILL PAY LEXARIA NICOTINE A ROYALTY ON REVENUE GENERATED FROM SALE OF NICOTINE PRODUCTS CONTAINING DEHYDRATECH
* LEXARIA NICOTINE - ALTRIA HOLDS OPTION TO ACQUIRE 100% OWNERSHIP IN LEXARIA NICOTINE, AT WHICH TIME ROYALTY PAYMENTS WOULD STOP
* LEXARIA NICOTINE - IN EXCHANGE FOR MINORITY EQUITY INTEREST ALTRIA VENTURES INC WILL FUND UP TO US$12 MILLION FOR LEXARIA NICOTINE
* LEXARIA NICOTINE - ALTRIA HAS RIGHT TO INITIALLY APPOINT ONE OF SEVEN DIRECTORS ON LEXARIA NICOTINE'S BOARD OF DIRECTORS
* LEXARIA NICOTINE SAYS ALTRIA THROUGH FURTHER PHASED INVESTMENTS, MAY HAVE RIGHT TO APPOINT UP TO THREE OF SEVEN DIRECTORS ON CO'S BOARD