Published on 4/1/2010 in the Prospect News PIPE Daily.
New Issue: Lipoxen orchestrates £1.23 million private placement of ordinary stock
By Devika Patel
Knoxville, Tenn., April 1 - Lipoxen plc said it will raise £1.23 million in a private placement of shares.
The company will sell 17,516,546 ordinary shares at 7p each.
Proceeds will be used to strengthen the company's balance sheet.
London-based Lipoxen develops vaccines and cancer drugs.
| Issuer: | Lipoxen plc
|
| Issue: | Ordinary shares
|
| Amount: | £1,226,158
|
| Shares: | 17,516,546
|
| Price: | 7p
|
| Warrants: | No
|
| Pricing date: | April 1
|
| Stock symbol: | London: LPX
|
| Stock price: | 7.33p at close April 1
|
| Market capitalization: | £11 million
|
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