Senesco Announces $1.255 Million Equity Financing

BRIDGEWATER, N.J. (May 9, 2013) – Senesco Technologies, Inc. (“Senesco” or the “Company”) (OTCQB: SNTI) announced today that it has entered into a securities purchase agreement with certain institutional investors to raise $1.255 million in gross proceeds through the sale of 41,833,335 shares of its common stock. The common stock was priced at $0.03 per share.

The offering is expected to close on or about May 10, 2013, subject to customary closing conditions. The net proceeds of the financing will be used primarily for working capital, research and development and general corporate purposes.

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Categories: Investments

Author:NJ Tech Council

The New Jersey Tech Council helps companies grow and supports the tech, innovation and entrepreneurial ecosystems in the state and region.

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