By Devika Patel
Knoxville, Tenn., July 7 - MabCure Inc. said it settled a $1.3 million private placement of units.
The company sold 1.3 million units at $1.00 apiece.
The units each consist of one common share and two warrants. The warrants are exercisable at $1.25 for one year and at $1.25 for two years.
Proceeds will be used for working capital.
Reno, Nev.-based MabCure is a biotechnology company.
| Issuer: | MabCure Inc.
|
| Issue: | Units of one common share and two warrants
|
| Amount: | $1.3 million
|
| Units: | 1.3 million
|
| Price: | $1.00
|
| Warrants: | Two warrants per unit
|
| Warrant expiration: | One year (first warrant), two years (second warrant)
|
| Warrant strike price: | $1.25
|
| Settlement date: | July 7
|
| Stock symbol: | OTCBB: MBCI
|
| Stock price: | $1.03 at close July 3
|
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