By Sheri Kasprzak
Atlanta, Dec. 9 - Biomira Inc. said Thursday it has upsized its previously announced private placement to $12.57 million.
The company will now issue 4,891,051 shares at $2.57 each.
The offering was announced Dec. 7 as a $10 million offering consisting of 3,891,051 shares at the same price.
The offering also includes 978,210 purchaser warrants at $0.20 a share for every share purchased in the offering. The warrants allow for an additional share at $3.45 each for three years.
Rodman & Renshaw LLC is the placement agent in the offering.
Based in Edmonton, Alta., Biomira is a biotechnology company specializing in therapeutic approaches to cancer management.
| Issuer: | Biomira Inc.
|
| Issue: | Stock
|
| Amount: | $12.57 million
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| Shares: | 4,891,051
|
| Price: | $2.57
|
| Warrants: | For 978,210 shares
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $3.45 each
|
| Placement agent: | Rodman & Renshaw LLC
|
| Pricing date: | Dec. 7
|
| Stock price: | $3.02 at close Dec. 7
|
| Stock price: | $2.63 at close Dec. 9
|
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