Tauriga Sciences Inc. Secures More than $100,000 USD of

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
114
Tauriga Sciences Inc. Secures More than $100,000 USD of Additional Funding from Existing Institutional & Accredited Individual Investors

NEW YORK, NY--(Marketwired - Mar 28, 2017) - Tauriga Sciences Inc. (OTC PINK: TAUG) ("Tauriga" or "the Company"), a Company engaged in building businesses in the life sciences space, has today announced that it has secured additional financing in excess of $100,000 USD from two existing institutional investors as well as one accredited individual investor. This is a significant development for the Company, at this time, because it enables the Company to commence the audit work pertaining to its Fiscal Year 2017 ("FY '17") Year End (Period Ending March 31, 2017) in a timely manner. This substantially reduces the possibility of the Company becoming delinquent in filing its upcoming periodic SEC Filing(s). It also helps the Company work towards the achievement of its most important corporate milestones; defined as: the successful prosecution of its ongoing litigation ("the lawsuit") against its predecessor audit firm Cowan Gunteski & Co. PA ("Cowan Gunteski") and the evaluation of potentially lucrative business opportunities to create shareholder value. The Company also believes that it has effectively preempted a major potential risk to shareholders by successfully addressing the issue of financing its FY '17 audit work at this relatively early period of time.

Structurally this $100,000+ USD financing consisted of two convertible debentures and two equity private placements (priced at $.0025 per share). A Form 8-K will be filed by the Company within the next few days, fully disclosing the terms and conditions of this financing.

MOST RECENT UPDATE ON THE LAWSUIT (Case No. 15-CV-62334): The lawsuit is titled "Tauriga Sciences, Inc. v. Cowan, Gunteski & Co. P.A. et al" and is being tried in Federal District Court of New Jersey ("the Court" or "New Jersey Federal"); Case No. 15-CV-62334. As mentioned in the Company's recent press release dated March 7, 2017, a Trial Status Conference ("Status Conference") has been scheduled for the date April 17, 2017. The Company is hopeful that the date of the Trial ("Trial Date") will be set during this April 17th Status Conference. The Company is seeking monetary damages at Trial in excess of $4,500,000 USD and the Company firmly believes in the merits of its case as well as the evidentiary record.

Tauriga's CEO, Mr. Seth M. Shaw, commented, "The Company believes that both maintaining its fully reporting status as well as successfully prosecuting its ongoing litigation are of extreme long term importance to its shareholders. It is crucially important that Tauriga makes it to the finish line with respect to this ongoing litigation and subsequent to that management can focus exclusively on creating business opportunities to enhance shareholder value. Despite suffering severe damage as a result of its July 31, 2015 delisting, the Company has preserved and strongly believes that its shareholders deserve a successful future."

ABOUT TAURIGA SCIENCES, INC.

Tauriga Sciences, Inc. (OTC PINK: TAUG) is a fully reporting life sciences company engaged in the development, marketing, distribution and potential licensing of a broad array of products and technologies that may help individuals who are affected by muscle tension. The Company has already identified potential products and technologies of interest and is actively working towards the goal of creating an innovative product line to launch the business activities of ColluMauxil Therapeutics LLC (The Company's previously announced new planned wholly owned subsidiary). The Company believes that one of its most important strengths is its access to and relationships with potentially substantial distribution systems and networks. The Company intends to capitalize on distribution opportunities and will continually update shareholders on such developments. The Company is also prosecuting (as Plaintiff) its ongoing malpractice lawsuit against its predecessor audit firm, for which it's seeking monetary damages in excess of $4,500,000 USD.

NON SOLICITATION:

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. Any securities offered or issued in connection with the above-referenced merger and/or investment have not been registered, and will be offered pursuant to an exemption from registration.

DISCLAIMER:

Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation: expectations, expects, anticipates, believes, hopes, beliefs, plans and objectives regarding the development, use and marketability of products as well as the attainment of certain corporate goals and milestones (i.e. SEC Periodic Filings, Filing of Proxies, etc.). Such forward-looking statements are based on present circumstances and on Tauriga's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors over which Tauriga has little or no control. Such forward-looking statements are made only as of the date of this release, and Tauriga assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by Tauriga with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities, nor shall there be any sale of the securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Securities Act and applicable state securities laws.

CONTACT: Mr. Seth M. Shaw Chairman & Chief Executive Officer email: sshaw@tauriga.com cell # (917) 796 9926 fax # (514) 221 3336

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Coastal Construction Revamps South Florida's Equipment Game

Updated Category News Views 69

Revolutionizing Equipment Acquisition in South Florida Looks like the sun's shining a bit differently on South Florida's contractors. Coastal Construction Equipment, LLC just announced their big debut as a new player on the Cat Compact™ scene, turning the tides for those in the construction industry. With a plan that's as big as a bulldozer, they'll be breaking ground,...

Continue Reading
Andersen 400 Series Patio Door Wins 2027 Award

Updated Category News Views 52

Andersen's Winning Streak Continues Ever got that feeling when you see an old player pulling off a brand-new trick in the game they love? That's kind of what Andersen Windows just pulled off with their 400 Series patio door snagging the 2027 Home Reno Award from Good Housekeeping. You could say Andersen's figured out how to keep the classics fresh without losing that...

Continue Reading
International Tower Hill's Q3 Results: Gold Updates

Updated Category News Views 32

An Eye on International Tower Hill's Latest Moves You've got International Tower Hill Mines (TSX: ITH, NYSE American: THM) laying their cards on the table for the third quarter. This ain't just any routine check-in—it's a glimpse at their Livengood Gold Project, standing tall on the promise of gold beyond the horizon. A cool $106 million in cash? Not too shabby, folks....

Continue Reading
Welders Breathe Easier with New Helmet Innovation

Updated Category News Views 43

Breathing Easy in the Welding Sector There's a new contraption sizzling into the welding world, and it’s not sparks flying from a torch, but rather an innovative helmet design that aims to shield workers from the all-too-common health hazards in their line of work. Yes, you heard it right: a breath of fresh air for welders, literally. An inventor from Zanesville, Ohio,...

Continue Reading
Kavalan Whisky Expands into Ghana with Say Cheers

Updated Category News Views 115

A Taste of Taiwan in Ghana The whisky world just got a bit smaller with Kavalan’s latest move If you know whisky, you know Kavalan, the Taiwanese gem that's been steadily building its global footprint. And now, they've set their sights on Ghana. Yup, this one's not about rattling sabers but raising glasses! Partnering with Say Cheers Limited, Kavalan enters Ghana,...

Continue Reading
Terracon and Brickeye Join Forces to Reduce Concrete Risks

Updated Category News Views 135

Concrete Hassles Get Innovative Solutions Terracon and Brickeye have decided to work together to solve one of construction's nastiest headaches—mass concrete risks. It's a world where small mishaps can snowball into massive, costly blowbacks. Solid Partnership for a Solid Solution We're not talking about some half-baked fling here. This partnership is the real deal,...

Continue Reading
Suiteify Teams Up With Findity for German Launch

Updated Category News Views 45

Striking a Partnership That Makes Sense Today's deal rolls in like thunder on a quiet afternoon. Suiteify, the master of HR and business software in the DACH region, hooks up with Findity to unleash a new game-changer in Germany. They’re cooking up Suiteify Expense & Travel, and if you're in the mid-sized business space, it’s worth a pause to see how these two horses...

Continue Reading
Quantinuum & RIKEN Propel Japan's Quantum Leap Forward

Updated Category News Views 81

Quantum Computing: Japan's Bold New Frontier Quantum computing's buzz is getting louder, and the big players like Quantinuum and RIKEN ain't sitting on their hands. They've rolled up their sleeves to ramp up Japan's quantum-AI supercomputing game with the recent beef-up of Quantinuum's Reimei to its H2 system, putting Japan at the cutting edge of hybrid computing. The...

Continue Reading
Outdoor Learning: Sparking Preschool Curiosity Weekly

Updated Category News Views 29

Rekindling Curiosity in Nature’s Classroom With autumn’s crisp air rolling into Greenville, families have a golden opportunity to take learning beyond the traditional classroom. Archway Academy sees the beauty of this season as a sprawling classroom, one that doesn't confine young minds and bodies. For those of us focused more on dollars and sense, the financial...

Continue Reading
Jacobite Steam Train Redefines the Harry Potter Experience

Updated Category News Views 50

Turn Fantasy into Reality: A Ride Unlike Any Other Ever fantasized about stepping right into the pages of your favorite tale? Well, the Jacobite Steam Train gives Potterheads just that: a literal ride through Harry Potter’s world, but in the heart of Scotland. As HBO's fresh take on the Harry Potter series is about to drop this Christmas, the buzz is lining the tracks...

Continue Reading

Top 5 Most Recently Viewed Articles

Celebrating Two Years of Market Resilience: Key Players in S&P 500

Updated Category News Views 104

Two Years of Resilience in the Bull Market The current trend of the bull market has reached a significant milestone, marking two years since its commencement. This journey has exhibited remarkable endurance, overcoming fears of recession, rising interest rates, and significant skepticism from among investors. Commencing from a low point on October 12, 2022, the S&P 500...

Continue Reading
Micropsi Industries Transitions to U.S. Headquarters for Growth

Updated Category News Views 139

Micropsi Industries Moves Headquarters to the U.S. for Better Growth Micropsi Industries, a leading provider of AI software for industrial robots, has made a significant decision to move its headquarters to the United States. This shift, previously rooted in Germany, aims to strengthen the company’s connections with customers in North America. By establishing a new base...

Continue Reading
Dollar Tree's Strategic Buyback: A Path to Growth and Value

Updated Category News Views 137

Dollar Tree's Strategic Buyback Program Explained Management teams often initiate buyback programs to achieve two primary objectives. The first reason is to capitalize on undervalued stock, allowing companies to enhance their capital in a controlled manner. The second reason focuses on providing existing shareholders with a more efficient return mechanism compared to...

Continue Reading
Marsico Financial Group Strengthens Resources with Care Accounting Acquisition

Updated Category News Views 109

Marsico Financial Group Expands Services through Acquisition Marsico Financial Group, known for its dedication to providing top-notch accounting and financial advisory services, has made a significant move that promises to enhance its offerings for clients. The firm recently announced its acquisition of Care Accounting, a well-regarded financial services provider located...

Continue Reading
Target Enhances Wellness Offerings for a Healthier Lifestyle

Updated Category News Views 220

Target Expands Wellness Product Line for a Healthier You Target Corporation (NYSE: TGT) is taking significant steps to enhance its wellness offerings, aiming to solidify its position as the go-to destination for health-conscious consumers. With an impressive 30% growth in its wellness assortment, the retailer is set to introduce thousands of new, trendy products tailored...

Continue Reading