GeneNews Raises $2.2M in Private Placement | GenomeWeb

NEW YORK (GenomeWeb News) – GeneNews has accepted subscriptions for a non-brokered private placement of common stock, raising C$2.3 million (US$2.2 million) in gross proceeds.

The amount raised surpasses the proceeds the firm expected to realize when it announced the direct placement two weeks ago. At that time, it said that it expected to raise C$2 million from the offering.

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