NEW YORK (GenomeWeb News) — Miraculins yesterday said it plans to generate as much as $500,000 through a private stock placement.
 
The company plans to use the proceeds to fund research and development projects, and for working capital purposes.
 
Miraculins will offer as many as 1.25 million equity “units” for $.40 apiece. Each unit will include one common company share and one half of one share purchase warrant, which will be set at $.65 for a 12-month period from the date the offering closes.

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