Aethlon Medical Announces $3.3 Million Equity Inve
Post# of 297
| 4:16 PM |
[PR Newswire] - SAN DIEGO, Nov. 26, 2014 /PRNewswire/ -- Aethlon Medical, Inc. (AEMD), announced today that it has entered into a definitive agreement to raise approximately $3.3 million at a price of $0.30 per unit. Aethlon Medical intends to use the proceeds to fund the clinical advancement of the Aethlon Hemopurifier®, debt reduction and general corporate purposes. The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended or applicable under state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. As part of the transaction, the Company has agreed to file a resale registration statement on Form S-3 with the Securities and Exchange Commission for the purpose of registering the resale of the shares of common stock and warrants issued in the private placement.
http://us.rd.yahoo.com/finance/news/rss/story...00886.html
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