Published on 11/21/2012 in the Prospect News PIPE Daily.
Intellicell Biosciences raises $250,000 via private placement of units
Company sells units of two common shares and one warrant at $0.30 each
By Devika Patel
Knoxville, Tenn., Nov. 21 - Intellicell Biosciences, Inc. completed a $250,000 private placement of units on Nov. 13, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 833,333 units of two common shares and one warrant at $0.30 per unit, with each warrant exercisable at $0.45 for five years.
The private biosciences company is based in New York.
| Issuer: | Intellicell Biosciences, Inc.
|
| Issue: | Units of two common shares and one warrant
|
| Amount: | $250,000
|
| Units: | 833,333
|
| Price: | $0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.45
|
| Settlement date: | Nov. 13
|
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