Financing

Pluristem Announces Private Equity Investment of $8M

Published in Health Business Week, March 9th, 2007

Pluristem Life Systems, Inc. (OTCBB:PLRS), a cell therapy Company dedicated to the commercialization of stem cell products for a variety of indications, announced that it has signed a binding term sheet with new investors for a private equity investment in the amount of $8,000,000. The first payment of funds totaling $1,250,000 has been received.

The investors will receive Pluristem restricted common stock at a price of $0.0125 per share and a warrant to purchase additional shares at an exercise price of $0.025 per share. The final agreement is expected to be completed by March 15, 2007.

Mr. Zami Aberman, CEO of Pluristem Life Systems stated: "We are...

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Source: Health Business Week (2007-03-09)

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