By Sheri Kasprzak
Atlanta, Jan. 19 - Tm Bioscience Corp. plans to raise C$9,309,500 in a private placement of shares that was upsized the same day it was announced.
The offering includes 4.33 million shares at C$2.15 each and will be underwritten by a syndicate led by Orion Securities Inc. The other member of the syndicate is Dlouhy Merchant Group Inc.
The offering is expected to close Feb. 3.
The deal was first announced Wednesday as a C$7,525,000 offering of 3.5 million shares but was upsized later in the day.
Tm Bioscience is a Toronto-based genetic testing company. The proceeds from the deal will be used for genetic tests and general working capital.
| Issuer: | Tm Bioscience Corp.
|
| Issue: | Stock
|
| Amount: | C$9,309,500
|
| Shares: | 4.33 million
|
| Price: | C$2.15
|
| Warrants: | No
|
| Underwriters: | Orion Securities Inc. (lead); Dlouhy Merchant Group Inc.
|
| Pricing date: | Jan. 19
|
| Settlement date: | Feb. 3
|
| Stock price: | C$2.16 at close Jan. 19
|
|
|
© 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.
