Bacterin of Belgrade, Montana Closes Private Placement With Total Raise of $9.2 Million

Bacterin International Holdings, Inc. http://www.bacterin.com/ , a developer of anti-infective coatings for medical applications and revolutionary bone graft material, today announced that it has closed its private placement offering raising total gross proceeds of $9.2 million from the sale to accredited investors, including certain of its directors and officers, of shares of its common stock at a purchase price of $1.60 per share, with detachable warrants to purchase one-quarter of one share its common stock (at an exercise price of $2.50 per share) for each share purchased.

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