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Aeolus Pharmaceuticals, Inc.
Aeolus Pharmaceuticals Completes $1.5 Million Financing
April 17th, 2009
Aeolus Pharmaceuticals, Inc. (OTC Bulletin Board: AOLS) announced that it completed a $1.5 million financing with two existing institutional shareholders, both of which are affiliates of Xmark Opportunity Partners, LLC. Under the terms of the financing agreement, Aeolus received $1.5 million in gross proceeds in exchange for 5,357,143 shares of Aeolus Pharmaceuticals common stock, and 5 year warrants to purchase up to 13,392,857 additional shares of Aeolus Pharmaceuticals common stock at an initial exercise price of $0.35 per share. The proceeds from the transaction will be used to fund animal efficacy studies in Acute Radiation Syndrome, manufacturing of drug substance and for general...
Source: Health Business Week (2009-04-17)
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