Patrys Limited (PAB.AX) Raises A Further $0.9 Million
1/29/2014 9:06:53 AM
Melbourne, Australia; 29 January, 2013: Patrys Limited (ASX: PAB; Company) is pleased to confirm that it has raised a further $925,000 before costs through the placement of 18,500,000 shares at an issue price of $0.05 per share as part of the shortfall from the recent Rights Issue.
In accordance with the ASX Listing Rules the Company has 3 months from the date the Rights Issue closed (11 December 2013) to place any shortfall and is continuing to work with Azure Capital Ltd and BBY Ltd on the placement of the remaining 101,434,297 shortfall shares.
The new shares will be entered into the holders’ security holdings on 29 January 2014 with trading of the new shares commencing on 30 January 2014.
Please find an Appendix 3B attached to this announcement.
For further information, please contact:
Chief Financial Officer
P: +61 3 9670 3273
P: +61 417 382 391
P: +61 3 9866 4722
About Patrys Limited:
Based in Melbourne, Australia, Patrys (ASX: PAB) is focused on the development of natural human antibodies as therapies for cancer and other major diseases. Patrys has a deep pipeline of anti-cancer natural human antibodies that qualify for both internal development and partnering opportunities. More information can be found at www.patrys.com.
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