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Cortex Pharmaceuticals, Inc. (COR) Announces Second Private Placement with Samyang Value Parners Co., Ltd.



10/26/2011 8:32:10 AM

IRVINE, Calif.--(BUSINESS WIRE)--Cortex Pharmaceuticals, Inc. (OTCBB (CORX)) announced that it has completed a private placement of $0.5 million in common stock and warrants with a single institutional investor, Samyang Value Partners Co., Ltd., a wholly owned subsidiary of Samyang Optics Co., Ltd. of Korea. This investment follows the Company’s private placement of $1.5 million in convertible promissory notes and warrants with Samyang Optics Co., Ltd. in January 2010.

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