March 16 (Reuters) - Immunoprecise Antibodies Ltd IPA.V :
* IMMUNOPRECISE ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE MODIQUEST RESEARCH BV
* IMMUNOPRECISE ANTIBODIES LTD - IMMUNOPRECISE WILL PAY A TOTAL OF EUR 7,000,000
* IMMUNOPRECISE - AGREED TO ACQUIRE ALL OF ISSUED AND OUTSTANDING SHARES OF MODIQUEST AND IMMULEASE
* IMMUNOPRECISE ANTIBODIES LTD - WILL COMPLETE A DEBENTURE FINANCING IN PRINCIPAL AMOUNT OF UP TO CAD $4.1 MILLION
* IMMUNOPRECISE - PURCHASE PRICE TO BE PAID USING EUR 2,500,000 IN CASH, 6,600,399 SHARES OF IMMUNOPRECISE