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Tissue Therapies Ltd Issues New Ordinary Shares

Tuesday, 26 Feb 2013 05:38pm EST 

Tissue Therapies Ltd announced that it has issued approximately 21,401,989 fully paid ordinary shares through a 1 for 10 pro- rata non-renounceable Rights Issue. The issue price is AUD 0.21 per share. The funds raised primarily to fund: GMP process validation; health economics and reimbursement studies; inventory manufacturing with labelling for additional markets; other manufacturing, distribution and regulatory costs; sales and marketing pre and post-sales launch; research and development; and operating expenditure. 

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