By Devika Patel
Knoxville, Tenn., June 24 - Exiqon AS said it plans to raise DKK 19.7 million in a private placement of shares.
The company will sell 3.03 million shares at DKK 6.50 per share.
Proceeds will be used to strengthen the company's capital resources in support of the continued operations and development of the business.
Exiqon is a Copenhagen-based biotechnology company.
| Issuer: | Exiqon AS
|
| Issue: | Stock
|
| Amount: | DKK 19,695,000
|
| Shares: | 3.03 million
|
| Price: | DKK 6.50
|
| Warrants: | No
|
| Pricing date: | June 24
|
| Stock symbol: | Pink Sheets: EXQNF
|
| Stock price: | $1.55 at close June 23
|
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