Harbor BioSciences closes $2.06M common stock registered direct offering

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Jun 11 2010

Harbor BioSciences, Inc. (Nasdaq:HRBR) announced today that it has closed its previously announced sale of approximately $2.06 million of its common stock and warrants in a registered direct offering, issuance and sale to select investors. The shares of common stock and warrants were sold in units, with each unit consisting of one share of common stock and a warrant to purchase 0.6 shares of common stock. The purchase price per unit was $0.35.

Chardan Capital Markets, LLC acted as the sole placement agent for the offering.

SOURCE Harbor BioSciences, Inc.

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