GTx closes private placement of securities

|By:, SA News Editor

GTx (GTXI) raises $21.3M in a private placement with J.R. Hyde, the firm's Chairman, and the Pyramid Foundation.

The company will issue 11.97M units comprising 1 share and a warrant to purchase a share at $1.67.

The potential dilution to shareholders is 35%.

GTx shares closed yesterday at $1.68.

GTx's earnings.