March 2 (Reuters) - Medipharm Labs Corp LABS.TO :
* MEDIPHARM LABS ANNOUNCES INCREASE TO BOUGHT DEAL EQUITY FINANCING TO $29 MILLION
* MEDIPHARM LABS CORP - UNDERWRITERS HAVE AGREED TO PURCHASE, ON A BOUGHT DEAL BASIS, 50 MILLION UNITS OF CO AT A PRICE OF $0.58 PER UNIT
* MEDIPHARM LABS CORP - EACH UNIT WILL BE COMPRISED OF ONE COMMON SHARE IN CAPITAL OF CO AND ONE SHARE PURCHASE WARRANT