Published on 5/9/2006 in the Prospect News PIPE Daily.
New Issue: AspenBio Pharma raises additional $204,000, lifts private placement to $2.19 million
By Sheri Kasprzak
New York, May 9 - AspenBio Pharma, Inc. raised another $204,000 from its previously announced private placement for total proceeds of $2,192,000.
The company sold a total of 1,565,714 shares at $1.40 each.
On April 13, the company sold 1.42 million of the shares for proceeds of $1,988,000.
The proceeds will be used for product development, working capital and general corporate purposes.
Based in Castle Rock, Colo., AspenBio Pharma produces bovine pregnancy tests for the agricultural industry.
| Issuer: | AspenBio Pharma, Inc.
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| Issue: | Stock
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| Amount: | $2,192,000
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| Shares: | 1,565,714
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| Price: | $1.40
|
| Warrants: | No
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| Settlement date: | May 9
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| Stock symbol: | OTCBB: APNB
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| Stock price: | $1.72 at close May 8
|
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