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Brain Resource Ltd Announces Placement Of AUD 1.0 Million

Thursday, 28 Feb 2013 06:03pm EST 

Brain Resource Ltd announced that it has agreed to a AUD 1.0 million private placement to investment funds managed by Och-Ziff Capital Management Group (Och-Ziff) of 3,333,333 shares at AUD 0.30 per share. BRC intends to seek additional funds through a private placement over the coming months of up to a total of 15% of the current capital on issue (inclusive of this issue). These funds are to be used for working capital and to fund the commercialization of the Depression Treatment Test. 

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26 Sep 2014