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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. 

Company Quote

0.26
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26 Sep 2014