Non-brokered offering is selling common shares at C$0.60 per share
By Devika Patel
Knoxville, Tenn., March 28 - Antibe Therapeutics Inc. said it increased its non-brokered private placement of stock to C$5 million from C$3 million. The deal priced on March 21.
The company is selling common shares at C$0.60 apiece, which is an 18.92% discount to the March 20 closing share price of C$0.74.
Settlement is expected March 31.
Proceeds will be used for product development and general corporate purposes.
The pharmaceutical company is based in Toronto.
Issuer: | Antibe Therapeutics Inc.
|
Issue: | Common stock
|
Amount: | C$5 million
|
Price: | C$0.60
|
Warrants: | No
|
Agent: | Non-brokered
|
Pricing date: | March 21
|
Upsized: | March 28
|
Settlement date: | March 31
|
Stock symbol: | TSX Venture: ATE
|
Stock price: | C$0.74 at close March 20
|
Market capitalization: | C$25.12 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.