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To: ~digs who wrote (2148)	4/12/2006 7:26:22 PM
From: ~digs	Read Replies (1) \| Respond to of 7944

PTN @ 2.500 +0.150 6.38% img143.imageshack.us CRANBURY, N.J., April 12 /PRNewswire-FirstCall/ -- Palatin Technologies, Inc. (Amex: PTN - News) announced today that it has entered into definitive purchase agreements with certain institutional investors for the sale of 11 million units, each consisting of one share of its common stock and a warrant to purchase 0.30 shares of its common stock, at a purchase price of $2.44 per unit. The warrants have a five-year term and an exercise price of $2.88 per share. The warrants become exercisable six months after purchase of the unit. The transactions will provide gross proceeds of approximately $27 million to Palatin, before deducting costs associated with the offering. Palatin intends to use the net proceeds from the sale of the units for general corporate purposes. --------- Is the World Ready for Libido in a Nasal Spray? newyorkmetro.com