Nov 13 (Reuters) - GeneNews Ltd GEN.TO :
* Announces q3-2015 financial results and provides update
* Major shareholder, who is also a director of GeneNews, has agreed to provide the company with interim working capital financing
* Anticipates funds will be used for orderly restructuring of co's operations, including sale, merger or strategic financing
* Says has terminated the license agreement for colonsentry with IDL as it been unable to reach satisfactory agreement in buying out cobalt
* Total revenue for nine months ended Sept. 30, 2015 were approximately $0.3 million vs $1.6 million
* Source text for Eikon urn:newsml:reuters.com:*:nGNXVEVACa
* Further company coverage GEN.TO