Eugenus, Inc. announced that it will issue 10,000,000 common shares at a price of $0.85 per share for gross proceeds of $8,500,000 on December 3, 2019. The transaction will include participation from returning investor Eugene Technology Co.,Ltd. (KOSDAQ:A084370). The transaction has been approved by the board of directors, and is expected to close on December 13, 2019.