Published on 9/12/2013 in the Prospect News PIPE Daily.
TNI BioTech completes $531,250 private placement of common shares
465,000 common shares sold in deal at $1.25 per share, $1.00 per share
By Devika Patel
Knoxville, Tenn., Sept. 12 - TNI BioTech, Inc. settled a $531,250 private placement of stock on Sept. 6, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 465,000 shares at $1.25 per share and $1.00 per share. The prices per share are respective 30.56% and 44.44% discounts to the Sept. 5 closing share price of $1.80.
The Bethesda, Md., company develops immunotherapy products and technologies.
| Issuer: | TNI BioTech, Inc.
|
| Issue: | Common stock
|
| Amount: | $531,250
|
| Shares: | 465,000
|
| Price: | $1.25, $1.00
|
| Warrants: | No
|
| Settlement date: | Sept. 6
|
| Stock symbol: | OTCBB: TNIB
|
| Stock price: | $1.80 at close Sept. 5
|
| Market capitalization: | $60.06 million
|
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