EXOVIR <XOVR> SELLS STOCK FOR 2.8 MLN DLRS
Exovir Inc said it sold to an
investor group led by Mark Hammer 200,000 shares of company
common stock and warrants to purchase an additional 200,000
shares.
    Exovir said the transaction increases the group's stake
from 12.9 pct to 18.5 pct.
    The net proceeds to the company total 2.8 mln dlrs, the
company said. The warrants are exerciseable over the next three
years at 19.50 dlrs per share of common stock, according to
Exovir.
 Reuter
