ASTRALIS ANNOUNCES COMPLETION OF $2.0 MILLION PRIVATE PLACEMENT
Astralis Ltd (OTC Bulletin Board: ASTR News) announced today the completion of a private placement of $2.0 million in common stock and warrants with Blue Cedar, Ltd. A second closing of this current round with additional institutional investors is expected in September. The closing price for the placement was $0.11 per share. Astralis intends to use the proceeds of the financing to support the return of Psoraxine, its product for the treatment of psoriasis, to clinical testing.
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