Six-year, half-share warrants are included in offering's equity units
By Devika Patel
Knoxville, Tenn., Feb. 5 - ContraVir Pharmaceuticals Inc. settled a $3.23 million private placement of units on Feb. 4, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 9,485,294 units of one common share and a half-share warrant at $0.34 per unit.
The whole warrants are each exercisable at $0.37 for six years.
The private biopharmaceutical company is based in New York.
| Issuer: | ContraVir Pharmaceuticals Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $3,225,000
|
| Units: | 9,485,294
|
| Price: | $0.34
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Six years
|
| Warrant strike price: | $0.37
|
| Settlement date: | Feb. 4
|
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