Brief: Achieve Life Sciences Announces Private Placement Of $18.9 Million

Achieve Life Sciences

15/11/2022 13:40

Nov 15 (Reuters) - Achieve Life Sciences Inc  ACHV.O :
    * ACHIEVE LIFE SCIENCES ANNOUNCES PRIVATE PLACEMENT OF $18.9
MILLION
    * ACHIEVE LIFE SCIENCES INC - PRIVATE PLACEMENT WILL BE FOR
UP TO
4,093,141 UNITS OF $4.625 PER UNIT
    * ACHIEVE LIFE SCIENCES INC - INTENDS TO USE PROCEEDS FROM
PRIVATE
PLACEMENT TO FUND CLINICAL RESEARCH AND DEVELOPMENT, AND FOR
GENERAL WORKING CAPITAL
    * ACHIEVE LIFE SCIENCES INC - ESTIMATES THAT NET PROCEEDS,
PLUS
ITS EXISTING FINANCIAL RESOURCES, ARE SUFFICIENT TO FUND
OPERATIONS INTO LATE 2023

Source text for Eikon:  ID:nGNX1vTgrw 
Further company coverage:  ACHV.O