Rezolute Inc., of Louisville, Colo., said it entered into a common stock purchase agreement with Lincoln Park Capital Fund LLC (LPC), and will now have the right and sole discretion to sell up to $10 million worth of shares to LPC over a 36-month period, subject to certain limitations. Rezolute says it will control the timing and amount of any future investment and LPC will be obligated to make purchases in accordance with the agreement. Proceeds will be used for operations and the development of product candidates and product collaborations.