Check-cap ltd. announces $4.0 mln registered direct offering

Check-cap ltd. announces $4.0 million registered direct offering.check cap - entered agreements with institutional, accredited investors for purchase and sale of 6.7 million shares at $0.60 per share.check cap ltd - intends to use net proceeds from offering to advance ongoing clinical development of c-scan.check cap - agreed to issue to investors unregistered warrants to purchase up to 6.7 million ordinary shares.check cap - warrants to have term of 5-1/2 years, be exercisable immediately & have exercise price of $0.80/ordinary share.
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