04:04 PM EST - Stellar Biotechnologies, Inc. : announced today that it has completed the initial closing of its private placement, which included brokered and non-brokered portions, raising initial gross proceeds of $10 million U.S. The proceeds of the Initial Closing will be used for product research, aquaculture and KLH production development, capital expenditures and working capital. Stellar Biotechnologies, Inc.
shares V.KLH are trading up $0.05 at $1.42.
