Stock Alert on Stock Movers on Equity Offerings: ZBB, VRUS, MFC

Shares of ZBB Energy Corporation (AMEX:ZBB) rose 13.31% to $0.51 after  today the company announces clarification to Securities Purchase Agreement with Socius CG II, Ltd.

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Under the SPA, ZBB "has the right over a term of two years, subject to certain conditions, to require Socius to purchase, in separate tranches, up to $10 million of redeemable subordinated debentures and/or shares of redeemable Series A preferred stock."

Pharmasset, Inc. (NASDAQ:VRUS) shares fell 1.15% to $24.45 after it filed a registration with the U.S. Securities and Exchange Commission today to sell, from time to time, up to $150 million of Common Stock, Preferred Stock, Debt Securities, Warrants, Units, or any combination thereof.

Pharmasset, Inc. (Pharmasset) is a clinical-stage pharmaceutical company engaged in discovering, developing, and commercializing drugs to treat viral infections. Its primary focus is on the development of nucleoside/tide analogs as oral therapeutics for the treatment of chronic hepatitis C virus (HCV) infection and secondarily.

Manulife Financial Corporation (USA) (NYSE:MFC) shares fell 0.10% to $11.24 filed to sell up to $4 billion in various securities this afteroon. The company said the funds will be used for general corporate purposes.

On Friday, rumors surfaced Manulife could buy Lincoln National (NYSE: LNC), sending those shares 10 percent higher.

Manulife Financial Corporation (MFC) is a Canada-based financial services group serving customers in 22 countries and territories around the world. The Company provides financial protection and wealth management products and services, to individual and group customers in Canada, the United States and Asia.

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