Business News • MarketWire • CORRECTION - Tauriga Sciences, Inc. Sells Majority Stake of Pilus Energy Subsidiary to Open Therapeutics LLC |
CORRECTION - Tauriga Sciences, Inc. Sells Majority Stake of Pilus Energy Subsidiary to Open Therapeutics LLC |
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CORRECTION - Tauriga Sciences, Inc. Sells Majority Stake of Pilus Energy Subsidiary to Open Therapeutics LLC
NEW YORK, NY--(Marketwired - Dec 28, 2016) - Tauriga Sciences, Inc. (OTC PINK: TAUG) ("Tauriga" or the "Company"), a company engaged in building businesses in the life sciences space, today announced it is issuing a material correction to its press release dated December 27, 2016 which was titled "Tauriga Science Inc. Sells Majority Stake of Pilus Energy Subsidiary to Open Therapeutics, LLC" (the "Initial Press Release") due to inaccurate numbers relating to the warrants described therein. Specifically, and as defined below, Open Therapeutics directly owned warrants to purchase 28,917,647 shares of the Company's common stock rather than 77,303,529. As such, only 23,134,118 warrants rather than 61,842,119 warrants were cancelled as part of the transaction. Accordingly, the number of warrants held directly by Open Therapeutics to purchase shares of the Company's stock is 5,783,520; which is less than the 15,406,706 warrants previously mentioned in the Initial Press Release. The error was a result of the Company including certain warrants issued directly to equity holders of Pilus Energy rather than only the warrants issued to Open Therapeutics. The Initial Press Release is replaced in its entirety as set forth below:
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