Published on 5/12/2005 in the Prospect News PIPE Daily.
New Issue: Life Therapeutics raises A$2.28 million in private placement of stock
By Sheri Kasprzak
Atlanta, May 12 - Life Therapeutics Ltd. said it has closed a private placement of stock for A$2,281,916.
The company sold 4,148,939 shares at A$0.55 each to sophisticated and institutional investors.
Based in New South Wales, Australia, Life Therapeutics is a biotechnology company focused on developing diagnostic testing products. The proceeds will be used for an upcoming acquisition.
| Issuer: | Life Therapeutics Ltd.
|
| Issue: | Stock
|
| Amount: | A$2,281,916
|
| Shares: | 4,148,939
|
| Price: | A$0.55
|
| Warrants: | No
|
| Settlement date: | May 12
|
| Stock price: | A$0.66 at close May 12
|
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