Offer sells 15 million shares to fund working capital, debt repayment
By Devika Patel
Knoxville, Tenn., April 4 - Tauriga Sciences, Inc. settled a $900,000 private placement of stock from March 31 through April 3, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 15 million common shares at $0.06 apiece, which is identical to the closing share price on March 28.
Proceeds will be used for working capital purposes and to repay promissory notes.
The Danbury, Conn., company develops the next generation immunotherapies to treat cancer.
| Issuer: | Tauriga Sciences, Inc.
|
| Issue: | Common stock
|
| Amount: | $900,000
|
| Shares: | 15 million
|
| Price: | $0.06
|
| Warrants: | No
|
| Settlement date: | March 31 through April 3
|
| Stock symbol: | OTCBB: TAUG
|
| Stock price: | $0.06 at close March 28
|
| Market capitalization: | $40.27 million
|
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