OxySure Systems (OXYS) Closes $3 Million Institutional Financing
Frisco, Texas, July 7, 2015 – OxySure Systems, Inc. (OTCQB: OXYS) (“OxySure,” or the “Company”), the medical device innovator of life-saving easy-to-use emergency oxygen solutions with its “oxygen from powder” technology today announced that the Company has closed a $3 million institutional financing transaction. Pursuant to the purchase agreements signed on June 30, 2015, the Company sold $2.7 million in convertible preferred stock and $300,000 in two convertible notes for a total of $3 million. The purchase agreements provide for two financing tranches, comprising a first tranche for