Genta Incorporated Secures Up to $12 Million in Convertible Debt Financing

BERKELEY HEIGHTS, N.J.--(BUSINESS WIRE)--Genta Incorporated (OTCBB: GNTA.OB) announced today that the Company has entered into definitive agreements with institutional investors to place Secured Convertible Notes due 2012 totaling in aggregate up to $12 million in gross proceeds before fees and expenses. The closing of the first $6 million of Notes is expected to take place on or about April 3, 2009, subject to the satisfaction of customary closing conditions.

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