Medical Discoveries, Inc.

Biotechnology company announced equity private placement

Published in Law and Health Weekly, January 8th, 2005

Medical Discoveries, Inc., (BULLETIN BOARD: MLSC) announced that it has signed agreements for a $3,000,000 equity private placement consisting of convertible preferred stock and warrants.

The financing is structured to support the prospective acquisition of certain biotechnology assets and intellectual property that the company is currently pursuing.

The equity private placement was made by Mercator Advisory Group, LLC of Los Angeles, California, through its designated funds, Mercator Momentum Fund, LP. and Mercator Momentum Fund III, LP.

Ascendiant Securities LLC of Irvine, California served as placement agent on the...

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Source: Law and Health Weekly (2005-01-08)

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