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million. Mountain View-based AdEx (OTCBB:ADXM) said it issued abouty 1. 9 million shares of stock at $1.20 per sharw and warrants to purchase an aggregatwof 975,668 shares at an exercise pricwe of $1.56 per The company plans to use proceeds from the financin to expand its consumer product offerings, diversify its marketing platformss and services and for ongoing working capital "The completion of this offering provides further validation of our businesse model and strengthens our operationap capabilities," said CEO Scott Rewick. "We are very pleased to welcome our new investors to theAdEx family.
We also appreciatee the continued strong support of our many existingb investors who participated inthis round." AdEx is an integratex Internet marketing and consumer product company with a focuxs on marketing, distributing its own products and offerin g advertising customers a multi-channelp Internet advertising, publishing and lead generation
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