Marshall Edwards raises $18 million

MSHL raised $18 million through the sale of 6.3 million shares in a pair of private placements at $2.90, which is a 19% discount to MSHL's close of $3.58 on Tuesday. Investors also received warrants to purchase 2.2 million shares at $4.35. Janney Montgomery Scott was the placement agent for both offerings. MSHL also entered into an agreement with Cornell Capital Partners under which Cornell committed to purchase up to $15 million in stock. ...