By Sheri Kasprzak
Atlanta, Jan. 14 - Chromos Molecular Systems Inc. finished a private placement for C$1,063,241.
The offering was comprised of 2,215,085 units at C$0.48 each. The units include one share and one half-share warrant.
The whole warrants allow for an additional share at C$0.60 for two years.
The company plans to raise additional funds in a private placement later this month under the same terms.
Based in Burnaby, B.C. and Seattle, Chromos is a cellular engineering and therapeutics company. It plans to use the proceeds for its cellular engineering and cell therapy programs. The remainder of the funds will be used for working capital.
| Issuer: | Chromos Molecular Systems Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1,063,241
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| Units: | 2,215,085
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| Price: | C$0.48
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.60
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| Settlement date: | Jan. 14
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| Stock price: | $0.53 at close Jan. 13 (last trade)
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