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CEL-SCI (CVM) Pays off Convertible Debenture



3/6/2012 7:09:56 AM

VIENNA, Va.--(BUSINESS WIRE)--CEL-SCI Corporation (NYSE Amex: CVM) announced today that it has fully paid off its outstanding convertible debenture. The Company had been making monthly payments of approximately $1 million per month to repay a $9 million convertible debenture which CEL-SCI had issued in connection with the settlement of litigation. CEL-SCI has now eliminated the convertible debenture and any associated preferential rights.

Read at BioSpace.com


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