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Biotech / Medical : TGEN - Targeted Genetics Corporation
TGEN 9.240-5.3%3:59 PM EST

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To: Mike McFarland who wrote (507)6/28/2007 11:26:12 AM
From: Mike McFarland of 557
 
TGEN completes offering

6.7 million shares at $2.905
warrants to purchase up to 6.7 million shares
subject to adjustment pursuant to the terms of
the warrants, at a price of $3.25 per share


Net proceeds $17.8 million.

I'll try to look at the SEC filing and snoop around
to be sure the word debenture does not appear anywhere.
The warrant part concerns me a little, I've become
a little cynical these past seven years.

ir.targen.com

Looks like they have had their website redesigned, but
the documents seem to be there, this is the section to
slog through I think.

Subdocument 4 - EX-10.3
Page 1 - Warrant
Page 2 - Exercise Price
Page 3 - Mechanics of Exercise
Page 4 - No Fractional Shares or Scrip
Page 5 - Subsequent Rights Offerings
Page 6 - Section 4
Page 7 - Jurisdiction
Page 8 - N/A
Page 9 - Accredited Investor
Page 10 - ASSIGNMENT FORM
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