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Article: Advanced Viral Research Corp. Receives $50 Million Equity Line of Credit.
- Article from:
- PR Newswire
- Article date:
- February 15, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Financing for Planned IND Applications to the FDA
For 'Product R' and Working Capital -
YONKERS, N.Y., Feb. 15 /PRNewswire/ --
Advanced Viral Research Corp. (OTC Bulletin Board: ADVR) today announced that it has signed a revised financing contract for a $50 million equity line of credit. In addition, the registration statement covering the resale of the shares issuable under this financing contract was declared effective by the United States Securities and Exchange Commission (SEC). Under the financing contract, subject to certain conditions, a private investor has committed up to $50 million to purchase shares of Advanced Viral Research ...