By Sheri Kasprzak
New York, Feb. 16 - Pluristem Life Systems, Inc. wrapped an $8 million private placement.
The company sold to new investors 640 million shares at $0.0125 each.
The investors received one warrant per share, exercisable at $0.025 each.
So far, the company has received $1.25 million from the offering and will receive the remainder by March 15.
Based in Haifa, Israel, Pluristem is a biotechnology company focused on stem cell research.
| Issuer: | Pluristem Life Systems, Inc.
|
| Issue: | Stock
|
| Amount: | $8 million
|
| Shares: | 640 million
|
| Price: | $0.0125
|
| Warrants: | One warrant per share
|
| Warrant strike price: | $0.025
|
| Settlement date: | Feb. 14
|
| Stock symbol: | OTCBB: PLRS
|
| Stock price: | $0.04 at close Feb. 14
|
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