Published on 10/30/2006 in the Prospect News Biotech Daily and Prospect News PIPE Daily.
New Issue: IR BioSciences wraps second closing of $2.7 million placement
By Sheri Kasprzak
New York, Oct. 30 - IR BioSciences Holdings, Inc. closed a private placement for $2,697,100.
The company issued 107.884 units in the offering at $25,000 each.
Each unit is comprised of 156,250 shares and warrants for 78,125 shares.
The warrants are exercisable at $0.50 each for five years.
Scottsdale, Ariz.-based IR BioSciences develops treatments for radiation exposure.
| Issuer: | IR BioSciences Holdings, Inc.
|
| Issue: | Units of 156,250 shares and warrants for 78,125 shares
|
| Amount: | $2,697,100
|
| Units: | 107.884
|
| Price: | $25,000
|
| Warrants: | For 78,125 shares per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.50
|
| Settlement date: | Oct. 26
|
| Stock symbol: | OTCBB: IRBO
|
| Stock price: | $0.20 at close Oct. 26
|
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