Published on 12/12/2005 in the Prospect News Biotech Daily and Prospect News PIPE Daily.
New Issue: IsoRay raises $6.23 million from private placement of stock
By Sheri Kasprzak
New York, Dec. 12 - IsoRay, Inc. said it is gearing up to close a $6,227,067 private placement.
The company will issue 1,778,146 shares at $3.502 each to Mercatus & Partners, Ltd.
Mercatus has 30 days to purchase the shares.
Based in Richland, Wash., produces therapies for prostate and other cancers.
| Issuer: | IsoRay, Inc.
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| Issue: | Stock
|
| Amount: | $6,227,067
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| Shares: | 1,778,146
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| Price: | $3.502
|
| Warrants: | No
|
| Investor: | Mercatus & Partners, Ltd.
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| Announcement date: | Dec. 7
|
| Stock price: | $4.50 at close Dec. 7
|
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