 SANTA CLARITA, Calif., Jan. 27, 2021 GLOBE NEWSWIRE -- BioSolar, Inc. OTC: BSRC, a developer of clean energy technologies, today announced the closing of its previously announced private placement offering of 83,333,334 shares of common stock or common stock equivalents in lieu thereof and warrants to purchase up to an aggregate of 83,333,334 shares of common stock. The combined purchase price for one share of common stock common stock equivalent and a warrant to purchase one share of common stock was 0.06. The warrants have an exercise price of 0.06 per share, will be immediately exercisable and will expire five and one-half years from the issue date. 