Rosetta Green closes $6M biofuels, crops IPO

February 27, 2011 |

In Israel, Rosetta Green has closed an initial public offering which raised gross proceeds of 21,900,960 NIS ($6.06 million).

Shares of Rosetta Green will trade on the Tel Aviv Stock Exchange (TASE) under the ticker symbol, “RSTG” beginning on February 23, 2011.  Rosetta Green is investigating the use of microRNAs in agricultural, industrial and clean technology applications, with a particular focus on improving feedstocks for biofuels and crops for agriculture.

Rosetta Green has three patent applications covering the use of microRNAs in these areas and reports that the capital raised to further their work.  Kenneth A. Berlin, president and chief executive officer of Rosetta Genomics, explains “Establishing Rosetta Green as a separate, publicly-traded entity provides access to the capital markets to fund important developments and allows Rosetta Green to benefit from its accomplishments going forward.”

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