@ Guided Therapeutics Receives $1.65 Million from Exercised Warrants | SEBIO

Guided Therapeutics Receives $1.65 Million from Exercised Warrants

Posted by on Mar 8, 2013

NORCROSS, GA – Guided Therapeutics, Inc. (OTCBB: GTHP) (OTCQB: GTHP), today announced that it received approximately $1.65 million from the exercise of warrants that had an expiration date of March 1, 2013. In connection with the exercise of these warrants, the Company issued 2,539,659 shares of its common stock. The exercised warrants had an exercise price of $0.65 per share.

The Company intends to apply the proceeds to increase inventory of the LuViva® Advanced Cervical Scan device to meet current demand for the product, and expand its international marketing and sales efforts.

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