ORANGEBURG, N.Y., Jan. 18, 2011 (GLOBE NEWSWIRE) -- Vision-Sciences, Inc., (Nasdaq:VSCI) (Vision-Sciences), announced today that it entered into common stock purchase agreements with a limited number of private investors for the sale of 7 million shares of Vision-Sciences' Common Stock at a purchase price of $1.50 per share, for a total cash consideration of $10,500,000. Vision-Sciences intends to use the net proceeds from the private placement for general corporate purposes.
Vision-Sciences, Inc. Announces Completion Of $10.5 Million Common Stock Private Placement; $2.7 Million In Revenue For The Third Quarter Of Fiscal 2011
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