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Friday, February 10, 2012

Apps Genius to Raise $1 Million in Registered Direct Offering

Apps Genius Corp. ("Apps Genius" or the "Company"), (OTCBB: APGS), today announced that it has entered into agreements with certain institutional investors for a registered direct placement of approximately $1 million of common stock at a price of $0.175 per share. In addition, the Company will issue to the investors warrants to purchase up to 5,714,286 shares of common stock. The warrants have an exercise price of $0.25 per share and are exercisable for five years from the closing date. The o...continued
      

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