Oct 24 (Reuters) - Khiron Life Sciences Corp KHRN.V :
* KHIRON LIFE SCIENCES ANNOUNCES LAUNCH OF KHIRON CLINICS WITH THE SIGNING OF THE DEFINITIVE AGREEMENT TO ACQUIRE ILANS
* KHIRON LIFE SCIENCES - TERMS INCLUDE ISSUANCE OF 1.4 MILLION COMMON SHARES, AT C$1.50 PER SHARE, UPON DEAL CLOSE
* KHIRON LIFE SCIENCES - CASH PAYMENT OF C$5.0 MILLION FOR ATTAINMENT OF MILESTONES PERTAINING TO PATIENT ACQUISITION UP TO TWO YEARS AFTER CLOSING
* KHIRON LIFE SCIENCES CORP - FUTURE CASH PAYMENTS WILL BE SECURED BY A PROMISSORY NOTE
* KHIRON LIFE SCIENCES - TERMS OF DEAL ALSO INCLUDE CASH PAYMENT OF C$4.7 MILLION OVER A PERIOD OF 2 YEARS