By Sheri Kasprzak
New York, May 10 - Alliance Pharma plc has arranged a £2.5 million private placement of its stock.
The company intends to sell up to 14,705,883 shares at 17p each.
The proceeds will be used for general corporate purposes.
Numis Securities Ltd. is the placement agent.
Based in Chippenham, England, Alliance is a pharmaceutical company.
| Issuer: | Alliance Pharma plc
|
| Issue: | Stock
|
| Amount: | £2.5 million
|
| Shares: | 14,705,883
|
| Price: | 17p
|
| Warrants: | No
|
| Placement agent: | Numis Securities Ltd.
|
| Pricing date: | May 10
|
| Stock symbol: | London: APH
|
| Stock price: | 19.38p at close May 9
|
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