New Issue: Clearant gets agreements for $12 million private placement of stock

By Sheri Kasprzak

New York, Nov. 8 - Clearant, Inc. said it received definitive agreements for a $12,001,320 private placement.

The offering includes 3,774,000 shares at $3.18 each and is expected to close in the next several days, according to a statement from the company.

The company will also issue warrants for 1,699,000 shares. Neither the strike price nor the expiration date for the warrants could be determined by press time Tuesday.

Los Angeles-based Clearant is a biotechnology company focused on developing sterilization methods to kill pathogens.

Issuer:	Clearant, Inc.
Issue:	Stock
Amount:	$12,001,320
Shares:	3,774,000
Price:	$3.18
Warrants:	For 1,699,000 shares
Announcement date:	Nov. 8
Stock price:	$3.81 at close Nov. 8

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