Vermillion (VRML -2.3%) reverses earlier gains to trade lower today, after saying it's closed its 8M share private placement, with net proceeds of $11.8M after expenses. The company also issued warrants for 12.5M shares of stock at $1.46 per share, which could give VRML an additional $18.3M in proceeds, bringing the total gross proceeds to $31.5M.
Vermillion (VRML -2.3%) reverses earlier gains to trade lower today, after saying it's closed...
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