SAN FRANCISCO--(BUSINESS WIRE)--Osteologix, Inc. (OTCBB:OLGX) today confirmed that it has completed its previously announced private placement of common stock and warrants. The Company sold 4,030,304 shares of its common stock at $1.32 per share, and warrants to purchase up to 2,015,152 shares of its common stock for gross proceeds of approximately $5.3 million. The warrants have an exercise price of $1.32 per share, subject to adjustment, and an expiration date of September 30, 2009.
