Published on 5/12/2005 in the Prospect News PIPE Daily.
New Issue: Life Therapeutics raises A$2.28 million in private placement of stock
By Sheri Kasprzak
Atlanta, May 12 - Life Therapeutics Ltd. said it has closed a private placement of stock for A$2,281,916.
The company sold 4,148,939 shares at A$0.55 each to sophisticated and institutional investors.
Based in New South Wales, Australia, Life Therapeutics is a biotechnology company focused on developing diagnostic testing products. The proceeds will be used for an upcoming acquisition.
Issuer: | Life Therapeutics Ltd.
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Issue: | Stock
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Amount: | A$2,281,916
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Shares: | 4,148,939
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Price: | A$0.55
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Warrants: | No
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Settlement date: | May 12
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Stock price: | A$0.66 at close May 12
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