HealthRenu gets $10 million equity line

By Sheri Kasprzak

Atlanta, May 26 - HealthRenu Medical Inc. said it has received a $10 million standby equity distribution agreement from Cornell Capital Partners LP.

Under the terms of the two-year agreement, Cornell may buy shares of HealthRenu.

Robert Prokos, HealthRenu's chief executive officer, did not return calls for additional details of the equity line by press time Thursday.

Based in Houston, HealthRenu is a healthcare company focused on skin and wound-care products.

On Thursday, the company's stock closed up $0.06, or 21.43%, at $0.34.

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