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Biotech / Medical : Geron Corp.

GERN 1.265

+2.4%

10:42 AM EST

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To: verdad who wrote (2602)	4/8/2003 9:41:42 AM
From: tom pope	of 3576

Press Release Source: Geron Corporation Geron Announces Direct Equity Issuance Tuesday April 8, 9:27 am ET MENLO PARK, Calif.--(BUSINESS WIRE)--April 8, 2003--Geron Corporation (Nasdaq:GERN - News) announced today that it has entered into an agreement to sell four million shares of Geron common stock to two investors at $4.60 per share, for gross proceeds of $18.4 million. In connection with the sale, the company issued warrants to purchase an additional 600,000 shares at $6.34 per share. Finally, the company holds an option to put an additional 400,000 shares to the investors, depending on performance of the stock. Total proceeds from the issuances could upon exercise amount to $24 million. The shares were offered through a prospectus supplement to the company's effective universal shelf registration statement.

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