Navigation Links
Rosetta Genomics Pays Off Secured Loan and Reclaims Unencumbered Rights to All Assets
Date:6/22/2012

PHILADELPHIA and REHOVOT, Israel, June 22, 2012 /PRNewswire/ -- Rosetta Genomics (NASDAQ: ROSG), a leading developer and provider of microRNA-based molecular diagnostic assays, today announced that the Company has entered into an agreement and release (the "Release Agreement") with the holders of the $1,750,000 senior secured debenture (the "Debenture") the Company sold and issued on January 27, 2012.

The Debenture had a maturity date of January 26, 2013 and accrued interest initially at a rate of 10% per annum, payable semi-annually. Beginning on March 15, 2012, an aggregate of $300,000 in principal amount of the Debenture became convertible, subject to certain limitations, into the Company's ordinary shares at a conversion price of $1.416 per share (after giving effect to the 1-for-15 reverse split of the Company's ordinary shares effected on May 14, 2012). The Debenture was secured by a security interest in all current and future assets of Rosetta and any current or future subsidiary, including Rosetta Genomics Inc.

Under the Release Agreement, Rosetta prepaid an aggregate of $1,450,000 in principal and $288,000 in interest and the Debenture holders agreed to convert the remaining $300,000 in principal into ordinary shares at the conversion price of $1.416 per share no later than July 31, 2012. 

Upon the prepayment of the $1,450,000 in principal and $288,000 in interest, all of the Company's obligations (other than the obligation to convert the remaining $300,000 in principal amount into ordinary shares) under the transaction agreements were satisfied or terminated and the security interest in all current and future assets of Rosetta and any current or future subsidiary terminated. 

"We are very pleased to pay off our secured loan as this Release Agreement not only retires our debt , it frees up our assets from the liens on them, all
'/>"/>

SOURCE Rosetta Genomics
Copyright©2012 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4

Related biology technology :

1. Synthetic Genomics Inc. Purchases 81 Acre Site in South California Desert for Scale up and Testing of Innovative Algae Strains
2. Rubicon Genomics and Agendia Sign Agreement for Use of TransPLEX® Whole Genome RNA Amplification Technology With Symphony™ Cancer Diagnostics
3. New England Biolabs Signs Agreement with Synthetic Genomics Inc. to Launch Gibson Assembly™ Master Mix for Molecular and Synthetic Biology Applications
4. Synthetic Genomics Inc. Hires Industry Leader George E. Stagnitti to Head Food and Nutritional Products Development Program
5. BioMed Realty, L.P. Prices $250 Million Offering Of 4.25% Senior Unsecured Notes Due 2022
6. BioMed Realty Trust Completes $400 Million Senior Unsecured Term Loan Financing
7. Oxford Finance Provides $15 Million Senior Secured Credit Facility to Private Equity Backed Healthcare Services Company
8. Life Technologies Signs Licensing Agreement with iPS Academia Japan for Global Patent Portfolio Rights to Induced Pluripotent Stem Cell Technology
9. CannaBANK Acquires Rights to License PharmaSpheres Patented Growth System
10. LoneStar Heart Acquires Worldwide Exclusive Rights to New Class of Small Molecules That May Lead to New Treatments for Diabetes
11. QIAGEN Gains Rights to Genomic Biomarkers for Lung, Brain and Other Cancers to Expand its Pipeline of Companion Diagnostics
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/20/2013)... Sturgeon Bay, WI (PRWEB) June 20, 2013 ... rich in Omega-3 fatty acids, according to Sturgeon ... G Moellendorf, DC, ND, LCP . Recent research ... in increased health and decreased disease. , Researcher Janice ... College of Medicine in Columbus have studied the health ...
(Date:6/19/2013)... (PRWEB) June 19, 2013 For an ... Waterless Bead Baths using metallic beads instead ... electricity, and do not require germicides. Yet, the bead ... because the bath is always ready unlike a water ... create a dry bath, which eliminates the contamination and ...
(Date:6/19/2013)... 19, 2013 Clinverse, Inc. ... for clinical trials, today announced it will be ... (booth #2000) in Boston, June 24-26, 2013. ... and only fully configurable, cloud-based clinical financial lifecycle ... module within Clinverse’s eClinical Commerce Network, automates site ...
(Date:6/19/2013)... (PRWEB) June 19, 2013 Bayer CropScience ... first Bayer Bee Care Community Leadership Award. The award ... Congressional Reception in Washington, D.C., an event where ... to the world’s food supply. , The Bayer ... harnessed the power of the honey bee colony to ...
Breaking Biology Technology:Omega-3 Fatty Acids: the Fountain of Youth? 2Omega-3 Fatty Acids: the Fountain of Youth? 3Omega-3 Fatty Acids: the Fountain of Youth? 4Cole-Parmer Introduces Eco-Friendly Waterless Bead Baths 2Clinverse, Inc. Exhibiting and Showcasing Its Technology at DIA 2013 2Community Mentor Wins Inaugural Bayer CropScience Bee Care Leadership Award 2Community Mentor Wins Inaugural Bayer CropScience Bee Care Leadership Award 3Community Mentor Wins Inaugural Bayer CropScience Bee Care Leadership Award 4
... ... control devices and level gauges, today announced that it has acquired certain assets of ... delivery solutions for the global semiconductor, solar, and electronics industries. Financial terms of the ... ...
... , , DETROIT, June 15 Business, ... recovery of the manufacturing sector that includes enacting pro-industry ... capital and investment, and creating new demand through innovation ... Town Hall at The National Summit in Detroit agreed ...
... , Upon confirmation, Mr. Genachowski will serve as the ... since 2006 , , WASHINGTON, June 15 ... the growth of the innovation economy, today hailed the ... on the Federal Communications Commission (FCC) and strongly urged ...
Cached Biology Technology:Brooks Instrument Completes Acquisition of Celerity's Instrumentation Division 2Brooks Instrument Completes Acquisition of Celerity's Instrumentation Division 3Top CEOs Declare America's Manufacturing Sector Requires Pro-Industry Policies, Capital Management and Innovation to Maintain Economic Leadership 2Top CEOs Declare America's Manufacturing Sector Requires Pro-Industry Policies, Capital Management and Innovation to Maintain Economic Leadership 3TechNet Urges Swift U.S. Senate Approval of FCC Nominees Julius Genachowski and Robert McDowell 2TechNet Urges Swift U.S. Senate Approval of FCC Nominees Julius Genachowski and Robert McDowell 3
(Date:6/19/2013)... network in Tanzania is playing a vital role in ... west in response to climate and environmental changes, according ... Using data on savannah birds from the Tanzanian Bird ... over recent decades - the researchers found that they ... move to areas further west where dry seasons are ...
(Date:6/19/2013)... A study published in the Journal of Clinical ... an oral probiotic supplement significantly increasing circulating vitamin D ... author on the study, Mitchell Jones, MD, PhD, received ... New York Academy of Sciences and the Sackler Institute ... the Host Microbiome: The Science of Translation conference ...
(Date:6/19/2013)... mammals and birds are threatened with extinction as a result ... colleagues from The Ohio State University in the US. Their ... growth of the human population will continue to pose a ... appear to be a threshold above which population growth would ... published online in Springer,s journal, Human Ecology . , ...
Breaking Biology News(10 mins):Protected areas provide African birds with stepping stones to survival 2Study shows probiotic Lactobacillus reuteri NCIMB 30242 significantly increased vitamin D levels 2Are we pushing animals over the edge? 2
... Using a microscope the size of a football field, researchers ... insects can survive freezing, while others cannot. Why is ... ) is one of the bugs that cannot survive freezing ... of the same genetic makeup as humans, therefore finding a ...
... Mellon University,s National Robotics Engineering Center (NREC) have developed ... learning to inspect and grade harvested strawberry plants and ... until now could only be done manually. In ... and sorted harvested plants more consistently and faster than ...
... , , , LONDON, Dec. 17 Chiltern International Limited ... and staffing services in Europe, the Americas and Asia, is ... of OXON Epidemiology. , Dr Nawab Qizilbash, MBChB BSc ... Epidemiology Ltd. He served as Director of Epidemiology and Evidence-based ...
Cached Biology News:The how and why of freezing the common fruit fly 2Carnegie Mellon engineers develop machine that visually inspects and sorts strawberry plants 2Chiltern Announces Collaboration With Dr Nawab Qizilbash 2
... Shimadzus GCMS-QP2010s Gas Chromatograph/Mass Spectrometer, utilizing ... the GCMS-QP2010 Plus, offers high throughput ... an excellent performance-to-cost ratio. Like the ... constant linear velocity for optimum separation, ...
... combines a single-channel sample processing head, an ... reagent dispenser all in one compact, affordable ... pipette tips, the Precision XS autoclavable and ... available for transferring larger volumes. Intuitive Precision ...
... world of discovery races ever faster, you need ... fast track. So our constant focus is on ... research. Thats why our Biomek 3000 Laboratory Automation ... advanced as it is flexible. By integrating all ...
... Zymeds MaxArray Rabbit Tissue Arrays contain 60 ... slides. Each package contains 4 unstained slides and ... your reference. Each slide contains 15 different tissues ... 60 tissue samples per slide. Each tissue sample ...
Biology Products: