Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8837ccf6-cb61-4fce-8d8f-1a98e6586f80&Preview=1
Date 11/17/2011
Company Name Allylix
Mailing Address 6020 Cornerstone Court San Diego, CA 92121
Company Description Allylix has developed proprietary technology that allows it to produce a group of natural products called terpenes at low cost. In nature, terpenes are produced by plants in minute quantities to serve a number of different functions. Some are flavors and fragrances, while others are anti-fungal and anti-viral and still others are insect repellents. Because of this, terpenes have significant commercial value to the flavor and fragrance, insect repellent and pharmaceutical industries.
Proceeds Purposes Includes estimated amounts receivable by the Issuer upon exercise of certain warrants to purchase the Issuer’s Common Stock; such warrants have not yet been exercised. Proceeds purposes were not disclosed. SEC regulatory filing.