Tago Raises $270,000 in Exercise of Warrants

Tago Inc., a Burlingame firm that is about to merge with Camarillo-based BioSource Industries Inc., has raised $270,000 as a result of the exercise of 200,000 shares of its Class C warrants. The warrants were exercised at $1.35 a share.

The proceeds will be used for working capital, Tago said. Both Tago and BioSource produce products used in medical research and diagnosis.

After the merger, which is expected to be completed within a month, the consolidated companies will be known as BioSource International Inc.