STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
Diamyd MedicalAB (publ)(STO:DIAMB) has decided on and successfully executed a direct placement of in total 991,000 B shares. The shares have been placed with a limited group of professional investors at a price of 73 SEK per share. The issue raises gross proceeds of 72.3 MSEK($12.3million) in total for the Company, before issue costs.. For each issued and paid new share an equal number of warrants is received free of charge, which gives its holder the right to purchase additional B shares at a price of 100 SEK during April 2009. At full use of the issued warrants an additional 99.1 MSEK ($16.8 million) in gross proceeds, will be available to the company.
