Genta Completes $5 Million Financing
BERKELEY HEIGHTS, N.J. –(BUSINESS WIRE)– Genta Incorporated (OTCBB: GNTA) announced today that the Company has entered into definitive agreements with institutional investors that released $5 million in gross proceeds from a control account that had been established pursuant to the issuance of Convertible Notes in March 2010 . The funds had been subject to certain restrictions and security interests, which have been released with the new agreements.
American Power Corp. Well Financed to Advance Pace Coal Project
DENVER, CO — (MARKET WIRE) — 12/13/10 — American Power Corp. (OTCBB: AMPW) (” American Power ” or “the Company”) is pleased to provide an update on its funding activities during 2010.
In September 2010 , American Power closed a financing agreement for total gross proceeds of $10 million through a 2.5-year stock issuance agreement with a European institutional investor (refer to press release dated September 14, 2010 ). The agreement includes a warrant component that could provide an additional $10 million to American Power over the coming years. During 2010, we received a total of $1.1 million from this institutional investor, of which $500,000 were received in virtue of this financing agreement. The Company still has $9.5 million available under this agreement, which it intends to use to fund its operations in the upcoming years.
MusclePharm Appoints Former Bristol-Myers Squibb Executive as Director of Therapeutic Nutrition
DENVER , Dec. 15, 2010 (GLOBE NEWSWIRE) — MusclePharm Corporation (OTCBB:MSLP), one of the fastest growing nutritional supplement companies in the United States , today announced the appointment of Michael R. Stevens , PharmD as Director of Therapeutic Nutrition.