SOLEXA TO RAISE $61M IN PRIVATE PLACEMENT

Solexa Inc. has landed deal with institutional investors to raise $61 million through a private offering of common stock and warrants for the purchase of common stock. Under terms of the definitive agreement announced Monday, the Hayward firm (NASDAQ: SLXA) said that it would sell 10 million shares of common stock at $6.50 a share and will issue warrants to purchase about 3.5 million shares of common stock at an exercise price of $7.50 a share.

East Bay Business Times (http://eastbay.bizjournals.com/eastbay/stories/2005/11/21/daily1.html)