NEW BRUNSWICK, N.J.--(BUSINESS WIRE)--Senesco Technologies, Inc. ("Senesco" or the "Company") (AMEX:SNT) today announced that it has entered into definitive agreements with Stanford Venture Capital Holdings, Inc. for the private placement of an aggregate of up to $5 million secured convertible debentures with an 8% coupon, maturing on December 31, 2010, pending approval by the American Stock Exchange. The Company intends to close on $2.0 million upon stockholder approval and pending other customary closing conditions, with the balance subject to the Company’s fulfillment of other covenants and milestones.
