Neuralstem announces registered direct placement of 5,200,000 shares of common stock

Neuralstem, Inc. (NYSE Amex: CUR) announced today that it has entered into agreements with certain institutional and accredited investors for a registered direct placement of 5,200,000 shares of common stock at a price of $1.00 per share for aggregate gross proceeds of $5,200,000.

In addition, the Company will issue to each investor a warrant to purchase a number of shares of common stock equal to the number of shares purchased by the investor in the offering. The warrants have an exercise price of $1.02 per share and are exercisable starting six months from the issuance date for a term of five years.

The offering is expected to close on or about February 10, 2012, subject to satisfaction of customary closing conditions.

T.R. Winston & Company, LLC acted as the exclusive placement agent for the offering.


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