Woo hoo! Taking out some of the toxics. If the new
Woo hoo! Taking out some of the toxics. If the new investors won't convert and dump, this is good.
Amarantus Announces $1M Investment
SAN FRANCISCO, January 27, 2016 /PRNewswire/ --
Amarantus BioScience Holdings, Inc. (OTCQX:AMBS), a biotechnology company developing products in Regenerative Medicine, Neurology and Orphan diseases, today announced the closing of a $1M investment from an investor introduced to the Company by International Infusion, LLC. The new investment comes in the form of Series H Convertible Preferred Stock and Warrants on the same terms as previously disclosed. As part of the agreement, the Company's 2 largest institutional investors have agreed to certain trading restrictions over the course of the next 7 weeks.
Concurrent with this announcement, the Company has entered into an agreement with International Infusion to provide funding of up to $1.5M over the course of the next five weeks to be used solely for the partial repurchase of Convertible Preferred Stock from Company's 2 largest institutional investors.
Amarantus Bioscience Holdings (AMBS) Stock Research Links
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