Biomoda, Inc.

Biomoda Announces up to $2.0 Million Private Placement

Published in Cancer Weekly, March 30th, 2010

Cancer diagnostics company Biomoda, Inc. (OTCBB: BMOD) (www.biomoda.com) announced that it has entered into agreements with a syndicate of institutional investors for up to $2.0 million. LifeTech Capital, a division of Aurora Capital LLC, acted as the exclusive placement agent for the financing.

"We are extremely pleased with the outcome of this round of financing," said John Cousins, Biomoda president and chief executive officer. "The institutions that participated in this investment speak volumes about the promise of our technology and the validity of our business model and strategy. This is a significant stamp of approval from prestigious investment funds with a...

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Source: Cancer Weekly (2010-03-30)

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