Published in Cancer Weekly, December 23rd, 2003
The purchasers included both institutional investors and high net worth individuals. In the placement, 12.2 million shares of common stock were issued at $0.23 per share, as well as Series R warrants to purchase additional 6.1 million common shares at $0.28 per share. The warrants have a term of five years. The company has agreed to file a registration statement covering resales of the securities by the purchasers to the public no later than December 31, 2003.
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Source: Cancer Weekly (2003-12-23)
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