MEDTOX Scientific, Inc. (AMEX:TOX), announced today that the holders of warrants exercisable for an aggregate of 609,220 shares of the Company's common stock exercised such warrants prior to their expiration in the months of July and August 2005. The Company issued 405,514 shares of its common stock in July 2005, and 185,186 shares in August 2005, upon exercise of such warrants. The remaining shares underlying the exercised warrants were issued in December 2004 and January 2005. The Company received $4,112,235 in proceeds from the exercise of such warrants, reflecting the $6.75 per share exercise price.
Genetic Engineering News (http://www.genengnews.com/news/bnitem.aspx?name=1045949XSL_NEWSML_TO_NEWSML_WEB.xml)