Brief: Sygnis Ag To Raise Capital To Acquire TGR Biosciences

2Invest AG

19/03/2018 19:06

March 19 (Reuters) - Sygnis Ag  LIO1k.DE :
    * DGAP-NEWS: SYGNIS AG: SYGNIS AG TO RAISE CAPITAL TO
ACQUIRE TGR
BIOSCIENCES
    * ‍ANNOUNCED LAUNCH OF A PRIVATE PLACEMENT OF UP TO 4.74
MILLION
NEW SHARES TO INSTITUTIONAL INVESTORS IN EUROPE​
    * ‍PRICE PER SHARE FOR PRIVATE PLACEMENT IS SET TO EUR 1.40​
    * ‍PLANS TO USE PROCEEDS FROM TRANSACTION FOR ACQUISITION OF
TGR
BIOSCIENCES​
    * ‍REACHED AGREEMENT WITH CURRENT MAJORITY SHAREHOLDERS OF
TGR
    * ‍ACQUISITION OF TGR WAS PRICED AT A VALUE OF EUR 10.4
MILLION​

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