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Senesco Technologies Inc Announces $1.255 Million Equity Financing

Thursday, 9 May 2013 01:07pm EDT 

Senesco Technologies Inc announced that it has entered into a securities purchase agreement with certain institutional investors to raise $1.255 million in gross proceeds through the sale of 41,833,335 shares of its common stock. The common stock was priced at $0.03 per share. The offering is expected to close on or about May 10, 2013, subject to customary closing conditions. The net proceeds of the financing will be used primarily for working capital, research and development and general corporate purposes. Chardan Capital Markets, LLC acted as the exclusive placement agent on the transaction. 

Company Quote

-0.15 -4.55%
17 Apr 2014