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million. Mountain View-based AdEx (OTCBB:ADXM) said it issue about 1. 9 million shares of stock at $1.20 per share and warrantsa to purchase an aggregateof 975,668i shares at an exercise pricde of $1.56 per share. The company plans to use proceeds from the financinb to expand its consumerproduct offerings, diversify its marketingv platforms and services and for ongoing working capital requirements. "The completion of this offering provides furthere validation of our business model and strengthens ouroperational capabilities," said CEO Scott Rewick.
"W are very pleased to welcome our new investorw to the AdEx We also appreciate the continuecd strong support of our many existinvg investors who participated inthis round." AdEx is an integrateed Internet marketing and consumer product company with a focus on marketing, distributinh its own products and offerinfg advertising customers a multi-channel Interne advertising, publishing and lead generation
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