New Issue: Applied NeuroSolutions raises $2.9 million in private placement of stocks and warrants

By LLuvia Mares

New York, Oct. 2 - Applied NeuroSolutions, Inc. wrapped a $2.9 million private placement of stock and warrants.

The company sold 20,714,286 shares of stock at $0.14 per share and warrants for to purchase 6,214,286 shares at an exercise price of $0.19 each. The warrants expire in five years.

SF Capital Partners Ltd. was the investor in the deal.

The company will use the net proceeds from this transaction for general corporate purposes.

Vernon Hills, Ill.-based Applied NeuroSolutions specializes in developing products for the treatment and diagnosis of Alzheimer's disease.

Issuer: Applied NeuroSolutions, Inc.

Issue: Stocks and warrants

Amount: $2.9 million

Shares: 20,714,286

Price: $0.14

Warrants: For 6,214,286 shares

Warrant expiration: Five years

Warrant price: $0.19

Settlement: Sept. 28

Announcement date: Oct. 2

Stock symbol: OTCBB: APNS

Stock price: $0.17 at close Oct. 1

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