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Biotech / Medical : momo-T/FIF

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To: scaram(o)uche who wrote (3087)	9/21/2005 9:12:36 AM
From: tom pope	Read Replies (2) of 12215

Damn GNVC 8:09AM Genvec to sell 7.25 mln shares at $2.00 to institutional investors (GNVC) 2.45 :Co announced that it has obtained commitments to purchase shares of its common stock in a registered direct offering for gross proceeds of $14.5 mln. Under the terms of the transaction, GenVec will sell 7,250,000 shares of its common stock at $2.00 per share to a group of institutional investors. The closing of the offering is expected to take place on September 26, 2005, subject to the satisfaction of customary closing conditions. A shelf registration statement relating to these securities was declared effective by the SEC on April 28, 2005.

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