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Provider: Reuters Investment Profile
Provider: Wright Reports

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Bionor Pharma ASA Completes Private Placement and Proposes Repair Offer

Friday, 13 Sep 2013 01:30am EDT 

Bionor Pharma ASA announced that the Private Placement announced on September 12, 2013 of 19,800,000 new shares at a subscription price of NOK 2.75 per share has been oversubscribed raising NOK 54.45 million in gross proceeds. The Board of Directors has resolved to propose that the Extraordinary General Meeting of the Company scheduled for October 7, 2013 resolves a subsequent repair issue directed towards the shareholders in Bionor as of close of the Oslo Stock Exchange on September 12, 2013 (as registered in the VPS on September 17, 2013) who were not allocated shares in the Private Placement (the Repair Offer). These shareholders will, pursuant to the proposed resolution, be entitled to subscribe up to a total of 7,500,000 new shares at a subscription price of NOK 2.75 per share (total proceeds up to NOK 20.6 million). 

Company Quote

0.05 +2.16%
5:25am EDT