NEW YORK (GenomeWeb) – GeneNews today said that it will receive total proceeds of roughly C$1.4 million (US$1.1 million) from the exercise of warrants.

The Canadian molecular diagnostics firm said that 5,736,916 share purchase warrants, exercisable into around 1 million shares of common stock have been exercised. The exercise price was C$1.44.

GeneNews didn't disclose its intended use for the proceeds.

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