From the AFR:
Biotechnology stock Noxopharm is seeking to raise $6.5 million via an institutional placement.
The shares are being offered at 90¢ each, representing a 10 per cent discount to the last close and a 30.1 per cent discount to the 15-day volume weighted average price, according to a term sheet sent to fund managers.
Brokers Bell Potter Securities and APP Securities are calling for bids to be submitted by 4pm on Thursday.
Capital Raise
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Mkt cap ! $29.22M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 52445 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 14492 | 2 |
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