Anatara Lifesciences Closes Heavily Subscribed Share Purchase Plan
• SPP heavily subscribed in applications
• Strongly supported by shareholders
• Follows oversubscribed placement
• Funds to be used to further advance registration and development of DetachTM
• Move into new markets faster
BRISBANE, 28th July 2015: Anatara Lifesciences (ASX:ANR) is pleased to announce it has raised $2 million through a significantly subscribed Share Purchase Plan.
The capital raising follows an announcement on the 3rd July that the Company had successfully raised $7 million through a heavily oversubscribed placement to wholesale, sophisticated and professional investors. The second tranche component of the placement is subject to shareholder approval at a General Meeting to be held on the 10th August.
The combined funds raised will fund international registration and further development of its lead therapy, DetachTM, a non-antibiotic, natural therapy to treat and prevent diarrhoea in pigs and other livestock animals.
Anatara’s Share Purchase Plan offered each eligible shareholder the opportunity to subscribe for up to $15,000 in Anatara shares. Due to the strong response shareholders will receive approximately 60% of the allocation for which they applied. This is a similar scale back afforded under the Placement.
Anatara Chairman Dr Mel Bridges thanked shareholders for their commitment to the company and support for its strategic direction and future potential.
“The combined $9 million raised will allow Anatara to move into both Europe and the US markets in parallel, as well as target the larger Asian markets earlier than originally forecast. We will also be investigating moving into other livestock such as poultry and calves whilst advancing development of DetachTM’s use in humans,” he said.
“The fund raising puts Anatara in a secure position as we continue discussions with global partners and will allow us to rapidly roll out Detach™ globally as we receive regulatory approvals.”
As previously announced, a second field trial for DetachTM began in June, with the results expected in the third quarter of calendar 2015. Anatara expects DetachTM to be on sale in Australia within 12 months of lodging its regulatory approval application to the APVMA based on the pace of current progress.
For more information please contact:
General inquiries
Dr Paul Schober
CEO, Anatara Lifesciences
+61 412 026 657
pschober@anataralifesciences.com
Media inquiries
Gavin Lower
Buchan Consulting
03 8866 1215
glower@buchanwe.com.au
Dr Mel Bridges
Chairman
+61413051600
melbridges@parmacorporation.com
About Anatara Lifesciences
Anatara Lifesciences is developing therapeutics for gastrointestinal diseases in production animals and humans. Its lead product Detach™ is a natural plant based product that will help address global concerns around the overuse of antibiotics in production animals that is contributing to the rise of so-called “super bugs” that make infectious diseases harder to treat. The Anatara team has a strong track record in biological science as well as building and growing international biotech companies.
Help employers find you! Check out all the jobs and post your resume.
• Strongly supported by shareholders
• Follows oversubscribed placement
• Funds to be used to further advance registration and development of DetachTM
• Move into new markets faster
BRISBANE, 28th July 2015: Anatara Lifesciences (ASX:ANR) is pleased to announce it has raised $2 million through a significantly subscribed Share Purchase Plan.
The capital raising follows an announcement on the 3rd July that the Company had successfully raised $7 million through a heavily oversubscribed placement to wholesale, sophisticated and professional investors. The second tranche component of the placement is subject to shareholder approval at a General Meeting to be held on the 10th August.
The combined funds raised will fund international registration and further development of its lead therapy, DetachTM, a non-antibiotic, natural therapy to treat and prevent diarrhoea in pigs and other livestock animals.
Anatara’s Share Purchase Plan offered each eligible shareholder the opportunity to subscribe for up to $15,000 in Anatara shares. Due to the strong response shareholders will receive approximately 60% of the allocation for which they applied. This is a similar scale back afforded under the Placement.
Anatara Chairman Dr Mel Bridges thanked shareholders for their commitment to the company and support for its strategic direction and future potential.
“The combined $9 million raised will allow Anatara to move into both Europe and the US markets in parallel, as well as target the larger Asian markets earlier than originally forecast. We will also be investigating moving into other livestock such as poultry and calves whilst advancing development of DetachTM’s use in humans,” he said.
“The fund raising puts Anatara in a secure position as we continue discussions with global partners and will allow us to rapidly roll out Detach™ globally as we receive regulatory approvals.”
As previously announced, a second field trial for DetachTM began in June, with the results expected in the third quarter of calendar 2015. Anatara expects DetachTM to be on sale in Australia within 12 months of lodging its regulatory approval application to the APVMA based on the pace of current progress.
For more information please contact:
General inquiries
Dr Paul Schober
CEO, Anatara Lifesciences
+61 412 026 657
pschober@anataralifesciences.com
Media inquiries
Gavin Lower
Buchan Consulting
03 8866 1215
glower@buchanwe.com.au
Dr Mel Bridges
Chairman
+61413051600
melbridges@parmacorporation.com
About Anatara Lifesciences
Anatara Lifesciences is developing therapeutics for gastrointestinal diseases in production animals and humans. Its lead product Detach™ is a natural plant based product that will help address global concerns around the overuse of antibiotics in production animals that is contributing to the rise of so-called “super bugs” that make infectious diseases harder to treat. The Anatara team has a strong track record in biological science as well as building and growing international biotech companies.
Help employers find you! Check out all the jobs and post your resume.