Orgenics Announces Financing Commitment
Published: Nov 21, 2005
ALACHUA, Fla.--(BUSINESS WIRE)--Nov. 21, 2005--Oragenics, Inc. (AMEX:ONI) announced today that it has entered into a definitive agreement for equity based financing of up to $1.2 million from a group of individuals who are accredited investors that have previously invested in the company. The agreement provides for the sale of up to 3,000,000 newly issued shares of common stock at a price of $0.40 per share and the issuance of an equal number of warrants to purchase shares of common stock that will be exercisable at $0.60 per share. The transaction is expected to close by December 8, 2005.