June 15, 2018 / 5:45 AM / in 5 days

BRIEF-Biotec Raises NOK 23 Mln From Private Placement

June 15(Reuters) - Biotec Pharmacon:

* SAID ON THURSDAY PRIVATE PLACEMENT HAD BEEN SUCCESSFULLY COMPLETED, RAISING GROSS PROCEEDS OF NOK 23 MILLION AT A SUBSCRIPTION PRICE OF NOK 5.25 PER SHARE

* SAID NO SUBSEQUENT “REPAIR OFFERING” IS CONTEMPLATED

* SETTLEMENT OF THE ALLOCATED OFFER SHARES IS EXPECTED TO TAKE PLACE ON A DELIVERY VERSUS PAYMENT BASIS ON OR ABOUT 19 JUNE 2018

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Further company coverage: (Gdynia Newsroom)

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