New Issue: Aeolus seals $1.5 million private placement of units

By Devika Patel

Knoxville, Tenn., March 31 - Aeolus Pharmaceuticals, Inc. wrapped a $1.5 million private placement of units on March 30, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold 5,357,143 units at $0.28 per unit. The units consist of one common share and 2.5 warrants, with an aggregate of 13,392,857 warrants. Each whole five-year warrant is exercisable at $0.35.

Proceeds will be used to finance the development of AEOL 10150 and to fund operations.

Aeolus is a Laguna Niguel, Calif.-based pharmaceutical company.

Issuer:	Aeolus Pharmaceuticals, Inc.
Issue:	Units of one common share and 2.5 warrants
Amount:	$1.5 million
Units:	5,357,143
Price:	$0.28
Warrants:	2.5 warrants per unit (13,392,857 warrants total)
Warrant expiration:	Five years
Warrant strike price:	$0.35
Settlement date:	March 30
Stock symbol:	OTCBB: AOLS
Stock price:	$0.33 at close March 30
Market capitalization:	$10.6 million

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