March 7, 2018 / 4:00 PM / 6 months ago

BRIEF-Bone Therapeutics Raises 19.45 Million Euros Of Commitments In Convertible Bond Placement

March 7 (Reuters) - BONE THERAPEUTICS:

* REG-BONE THERAPEUTICS SUCCESSFULLY RAISES EUR 19.45 MILLION OF COMMITMENTS IN CONVERTIBLE BOND PLACEMENT

* AS A RESULT OF THE SUCCESSFUL COMPLETION OF THE OFFERING, CO EXPECTS TO HAVE SUFFICIENT CASH TO MEET ITS PRESENT REQUIREMENTS AND COVER ITS WORKING CAPITAL NEEDS FOR A PERIOD UNTIL THE END OF Q3 2019‍​

* CONVERTIBLE BONDS WILL BE IN REGISTERED FORM, DENOMINATED EUR 2,500 EACH

* CONVERTIBLE BONDS WILL NOT BEAR ANY COUPON AND HAVE A MATURITY DATE OF TWELVE MONTHS AFTER ISSUANCE

* EACH CONVERTIBLE BOND IS ACCOMPANIED BY 19 BOND WARRANTS IN REGISTERED FORM WITH A WARRANT TERM OF 19 MONTHS Source text for Eikon Further company coverage: (Gdynia Newsroom)

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