03:08 PM EST - Intellipharmaceutics International Inc. : Announced that it entered into securities purchase agreements with certain institutional investors providing for the purchase and sale of 3,636,364 common shares at a purchase price of $1.10 U.S. per share in a registered direct offering, resulting in total gross proceeds of approximately $4 million U.S. IntelliPharmaCeutics International Inc.
shares T.IPCI are trading down $0.17 at $1.28.
