Brief: Cleveland Biolabs Entered Agreement With Investor For Providing GPI With Capital

Statera Biopharma

14/08/2018 22:29

Aug 14 (Reuters) - Cleveland Biolabs Inc  CBLI.O :
    * CLEVELAND BIOLABS - ON AUG 10, 2018, CO, GPI & EVERON
ENTERED
AGREEMENTS WITH 3RD-PARTY INVESTOR FOR PROVIDING GPI WITH
CAPITAL
    * CLEVELAND BIOLABS - UNDER SIMPLE AGREEMENT FOR FUTURE
EQUITY,
GPI GRANTED NORMA RIGHT TO BUY SHARES OF GPI'S CAPITAL STOCK FOR
PAYMENT OF UPTO $30 MILLION
    * CLEVELAND BIOLABS - UNDER TERMS OF DIRECTOR DESIGNATION
AGREEMENT, GPI BOARD TO HAVE 4 MEMBERS, 2 SELECTED BY NORMA, 1
EACH SELECTED BY CO & EVERON

Source text: (https://bit.ly/2vHXjKc)
Further company coverage:  CBLI.O 

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