NeuroVive Pharmaceutical AB Proposes Resolution On Private Placement And Rights Issue Totaling Approximately SEK 111 M
Published: Nov 20, 2013
On 20 November 2013, the Board of Directors of NeuroVive Pharmaceutical AB (STO:NVP) (publ), (the “Company”) decided to convene an Extraordinary General Meeting (EGM) and to propose that the Meeting approves a private placement to institutional investors (the “Private Placement”) and a rights issue for existing shareholders (the “Rights Issue”), collectively termed (the “New Share Issues”). Upon full subscription of the New Share Issues, the Company will raise approximately SEK 111 m before issue expenses. There is an additional over-allotment option of up to approx. SEK 10 m for use in potential over-subscription.The issue proceeds will be used for NeuroVive’s continued operations in drug development, clinical trials and activities to prepare the market.
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