MetaStat takes in $495,000 through private placement of equity units

Company sells units of 5,000 common shares and 2,500 warrants

By Devika Patel

Knoxville, Tenn., June 14 – MetaStat, Inc. settled a $495,000 private placement of units on June 8, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold 49.5 units of 5,000 common shares and warrants for 2,500 shares at $10,000 per unit.

The warrants are exercisable at $3.00 for five years. The strike price is a 48.52% premium to the June 7 closing share price of $2.02.

MetaStat is a Boston-based molecular diagnostic company.

Issuer:	MetaStat, Inc.
Issue:	Units of 5,000 common shares and warrants for 2,500 shares
Amount:	$495,000
Units:	49.5
Price:	$10,000
Warrants:	Warrants for 2,500 shares per unit
Warrant expiration:	Five years
Warrant strike price:	$3.00
Settlement date:	June 8
Stock symbol:	OTCBB: MTST
Stock price:	$2.02 at close June 7
Market capitalization:	$3.85 million

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