GenSpera Completes $2.2 Million Private Placement

Published: May 02, 2011

SAN ANTONIO--(BUSINESS WIRE)--GenSpera, Inc. (OTCBB:GNSZ) announced that it has completed a private placement for approximately $2.2 million, net of fees. The units were priced at $1.65, each unit consisting of: (i) one share of common stock, and (ii) ½ common stock purchase warrant. The warrants have an exercise price of $3.15 with a term of five years and are callable at $6.50, providing certain provisions are met.

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