latest news releases from the newsroom
Aastrom Biosciences, Inc.
Aastrom Biosciences to Raise $13.5 Million in Registered Direct Offering
ANN ARBOR, Mich., Oct. 16, 2007 (PRIME NEWSWIRE) -- Aastrom Biosciences, Inc. (Nasdaq:ASTM), a leading regenerative medicine company, announced today that it has executed definitive Purchase Agreements for the sale of approximately 11.8 million Units in a registered direct placement to a select group of unaffiliated institutional investors at a price of $1.14 per Unit for gross proceeds of approximately $13.5 million. Each Unit consists of one share of the Company's common stock and a warrant to purchase 0.5 shares of the Company's common stock at a price of $1.5875 per share, which represents a 25% premium to the Company's closing stock price on October 15, 2007. These warrants are not exercisable for six months and one day after the date of issuance, and will then be exercisable thereafter for a period of five years. If the warrants are exercised it will generate up to an additional $9.4 million in proceeds to Aastrom. This transaction is expected to be completed within the next few days, subject to customary closing conditions. BMO Capital Markets Corp. served as the exclusive placement agent in this transaction.
Sierra Gold Corporation
Sierra Gold Corporation Announces Discovery of New Gold Bearing Hard Rock Formation
TORONTO, Oct. 16, 2007 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) has just received news from its operational manager about a new gold bearing hard rock formation in Sierra Leone. The new zone is narrow but runs for a number of miles in each strike direction. The gold in hard rock is visible. Samples collected were taken from the new hard rock formation and are being processed using local methods. Results of the gold grades are expected shortly.
Sweet Success Enterprises, Inc.
Sweet Success' GlucaSafe Continues Roll-out in Pharmacy/Drug Department Outlets
SAN ANTONIO, Oct. 16, 2007 (PRIME NEWSWIRE) -- Sweet Success Enterprises, Inc. (OTCBB:SWTS), the maker of a line of innovative and delicious healthy-lifestyle beverages, announced today that the company's revolutionary GlucaSafe(tm), a functional health beverage developed to maintain healthy glucose levels, lower hypertension and cholesterol, announced today its continued expansion into pharmacy and drug department outlets reaching a total of 140 locations. This represents a 40 percent increase since last week.