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News Breaks
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February 10, 2012
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| 06:44 EDT |  | MRNA |
| theflyonthewall.com: | Marina Biotech announces closing of $1.5M bridge loan | | Marina Biotech announced the closing of a bridge loan pursuant to a Note and Warrant Purchase Agreement. Under the terms of the loan, the company sold promissory notes in the aggregate principal amount of $1.5M and issued warrants to purchase an aggregate of approximately 3.7M shares of the company's common stock at $0.508 per share to certain accredited investors. The loan will become due and payable on May 14, with interest calculated at 15% per annum and payable on the due date. The loan is to be secured against the assets of Marina Biotech and its subsidiaries. CEO Michael French commented: "As we continue to execute on our business strategy, this capital allows us necessary resources to achieve our first quarter objectives and provides us with the flexibility to pursue certain near-term partnering and financing options." :theflyonthewall.com |
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May 21, 2012
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| 06:37 EDT | | MRNA |
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