NEW HOPE, Pa.--(BUSINESS WIRE)--Jan. 6, 2006--Protalex, Inc. (OTCBB:PRTX), a New Hope, PA biotechnology company, announced today that it has raised approximately $5.8 million in gross proceeds before commissions of approximately $254,000 through a private placement of 2.59 million shares of common stock at $2.25 per share with five-year cashless exercise warrants exercisable at $2.99 per share to purchase approximately 649,000 additional shares, exclusive of an additional 227,074 warrants issued to the Company’s Placement Agents.
