Aethlon Medical considering debt or equity sales to raise more capital

Company needs additional funds to finance working capital, operations

By Devika Patel

Knoxville, Tenn., Aug. 22 - Aethlon Medical, Inc. raised $357,656 in a private placement of convertible notes and warrants since June 30, according to a 10-Q filed Monday with the Securities and Exchange Commission. The company says its financial resources are insufficient for working capital and it needs to raise additional proceeds through either a debt or equity financing.

Proceeds will be used to finance current and long-term operations.

The company said it is exploring investment capital opportunities through a private placement of common stock or an additional debt sale.

Aethlon, based in San Diego, develops therapeutic medical devices to treat viral infections.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.