The Corporation focussed on the biology of healing has this week completed a C$75m equity offering and conversion of some C$229m of debt leaving a balance of just C$10m. The Company has also proposed a Rights Offering subject to TSX approval. Shareholders will have the right to subscribe is up to 20 shares for every 1 held at the same transaction price of the recently closed deals, namely 1.52 Canadian cents, a discount of 76% to the current share price and 72% to our estimated theoretical ex

26 Apr 2019
Completion of refinancing provides extended cash runway helping to progress late stage assets

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Completion of refinancing provides extended cash runway helping to progress late stage assets
ProMetic Life Sciences (PLI:TSE) | 0 0 1.3% | Mkt Cap: 1,075m
- Published:
26 Apr 2019 -
Author:
Derren Nathan -
Pages:
7 -
The Corporation focussed on the biology of healing has this week completed a C$75m equity offering and conversion of some C$229m of debt leaving a balance of just C$10m. The Company has also proposed a Rights Offering subject to TSX approval. Shareholders will have the right to subscribe is up to 20 shares for every 1 held at the same transaction price of the recently closed deals, namely 1.52 Canadian cents, a discount of 76% to the current share price and 72% to our estimated theoretical ex