By Brian Marckx, CFA
Aethlon Medical (OTC BB:AEMD) continues to attract financing to fund development of their Hemopurifier, reflecting ongoing investor interest. Since the beginning of the current year Aethlon has raised over $1.6 million in new financing, the most recent of which came in mid-June from the sale of 8.22 million shares of common stock at $0.072/share (80% of the most recent avg 5-day closing price) for gross proceeds of $592k. The investor also received seven-year warrants to purchase 4.1 million common shares for $0.109 (120% premium to the most recent avg 5-day closing price).
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