PURE Bioscience raises $3.5M in private placement; CEO and directors participate

PURE BIOSCIENCE, INC.

Raised $3.5M via private placement of 23,333,332 shares at $0.15/share.
CEO Tom Y. Lee invested $3.26M through affiliates; directors Chen and Rendall invested $93,750 combined.
Proceeds for general corporate purposes including R&D, admin, working capital.
Shares issued under exemption from registration (Section 4(a)(2) and Rule 506).
Disinterested board members approved the transaction.

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