May 6, 2020 / 12:48 PM / a month ago

BRIEF-Kitov Announces $10 Million Registered Direct Offering

May 6 (Reuters) - Kitov Pharma Ltd:

* KITOV ANNOUNCES $10 MILLION REGISTERED DIRECT OFFERING

* KITOV PHARMA LTD - ENTERED INTO DEFINITIVE AGREEMENTS WITH SEVERAL INSTITUTIONAL AND ACCREDITED INVESTORS

* KITOV PHARMA LTD - AGREEMENTS FOR PURCHASE AND SALE OF 25 MILLION OF ORDINARY SHARES REPRESENTED BY ADSS AT $0.40 PER ADS, IN REGISTERED DIRECT OFFERING

* KITOV PHARMA LTD - INTENDS TO USE NET PROCEEDS OF THIS OFFERING TO FUND DEVELOPMENT OF ITS ONCOLOGY DRUG CANDIDATES, ACQUISITION OF NEW ASSETS Source text for Eikon: Further company coverage:

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