Genesis Receives Funding Commitment for New Subsidiary, Prepares New Share-Purchase Plan
July 09, 2009
Genesis Receives Funding Commitment for New Subsidiary, Prepares New Share-Purchase Plan
Genesis said that it has received a commitment from an undisclosed group for an investment in the subsidiary, which would develop its single-stranded RNAi technology. But with about two months worth of cash in the bank, the company is asking shareholders to make new equity investments.
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