Market Overview

Oxygen Biotherapeutics Announces $6M in Net Proceeds from Exercise of Warrants

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Oxygen
Biotherapeutics (NASDAQ: OXBT) today announced the Company has received approximately $6
million through the exercise of 2,294,874 warrants between November 4,
2013 and November 6, 2013. These warrants were issued by the Company in
connection with its July 2013 Series C 8% Convertible Preferred Stock
financing. Following these warrant exercises, 9,112,307 shares of the
Company's common stock were issued and outstanding as of November 7,
2013.

“The exercise of these warrants increases our current cash on hand to
approximately $8.4 million. Upon closing of the previously announced
Phyxius Pharma transaction, we expect to be in a position to commence
the Phase 3

See full press release

Posted-In: News Guidance Contracts Asset Sales Management Global

 

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