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BioNeutral Signs Definitive Agreements to Improve Balance Sheet by $6.8 Million and Lower Debt to Nearly Zero


11/8/2011 7:24:16 AM

NEWARK, N.J.--(BUSINESS WIRE)--BioNeutral Group, Inc. (OTCBB: BONU), a specialty life science technology-based company, today announced that it has signed definitive financing and strategic distribution agreements, which will result in the assumption of, and indemnification for, $2.3 million in accounts payable and the assumption of, and indemnification for, $2 million in notes payable.

Read at BioSpace.com

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