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Aeterna Zentaris Inc. closes US$13.2 mln public offering of common shares and warrants


Tuesday, 14 Jan 2014 11:15am EST 

Aeterna Zentaris Inc:Says the closing of its previously announced public offering of 11.0 mln units.Says it generated net proceeds of about US$12.2 mln.Says each unit consisting of one common share and 0.8 of a warrant to purchase one common share, at a purchase price of US$1.20 per unit.Says Each warrant is exercisable for a period of five years at an exercise price of US$1.25 per share.Says Canaccord Genuity Inc. acted as the sole book-running manager, and Maxim Group LLC, H. C. Wainwright & Co., LLC and MLV & Co LLC acted as co-managers for the Offering.Says the company intends to use the net proceeds for future negative cash flow, general corporate purposes and working capital. 

Company Quote

1.15
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23 Oct 2014