Company sells 10 million shares at C$1.50 through non-brokered deal
By Devika Patel
Knoxville, Tenn., Aug. 17 – Zomedica Pharmaceuticals Corp. said it plans a C$15 million non-brokered private placement of stock.
The company will sell 10 million common shares at C$1.50 per share. The price per share is a 3.45% premium to the Aug. 16 closing share price of C$1.45.
The company will use the proceeds for development of its therapeutic pipeline, acquisitions, furthering its intellectual property and associated protections, capital markets activities and expenditures and general working capital purposes.
The pharmaceutical company is based in Ann Arbor, Mich.
Issuer: | Zomedica Pharmaceuticals Corp.
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Issue: | Common shares
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Amount: | C$15 million
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Shares: | 10 million
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Price: | C$1.50
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Warrants: | No
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Agent: | Non-brokered
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Pricing date: | Aug. 17
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Stock symbol: | TSX Venture: ZOM
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Stock price: | C$1.45 at close Aug. 16
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Market capitalization: | C$44.26 million
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