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All Penny Stocks.com News: Tauriga Sciences Partially Divests Its Stake in Pilus Energy LLC

 

Mississauga, ON -- (SBWIRE) -- 12/27/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Tauriga Sciences Partially Divests Its Stake In Pilus Energy LLC"

Companies mentioned in this article include Tauriga Sciences Inc. (OTCPK:TAUG).

Article Excerpt:

Tauriga Sciences Inc. (OTCPK:TAUG) is a Connecticut based life sciences company. It primarily focuses on developing biology platform technology. The company also delves into alternative cleantech energy through its former subsidiary company Pilus Energy LLC. Through its diversified portfolio, the company is in a position to benefit from the increased emphasis on technology in various sectors including biosciences and clean energy. Both these sectors are currently in an upswing due to favorable government regulations and increased demand for their products.

Tauriga Sciences is now looking to focus its attention on its lifesciences business, as the company reported selling its majority stake in Pilus Energy LLC, its wholly owned subsidiary, to Open Therapeutics LLC. The deal involved transferring 80% stake to the buyer company in exchange for the termination and cancellation of 80% of the unexercised portion of the warrant to purchase 77,303,529 shares of the Company's common stock issued on January 28, 2014.

The full version of this article can be found at:
http://www.allpennystocks.com/aps_us/special-reports/701/tauriga-sciences-partially-divests-its-stake-in-pilus-energy-llc.htm

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