Brief: Targovax Contemplates Private Placement

Circio Holding ASA

22/01/2020 15:40

Jan 22 (Reuters) - Targovax ASA  TRVX.OL :
    * TARGOVAX ASA - CONTEMPLATED PRIVATE PLACEMENT
    * TARGOVAX ASA - CONTEMPLATES A PRIVATE PLACEMENT BY ISSUING
UP TO
12,627,684 NEW SHARES IN COMPANY
    * TARGOVAX ASA - COMPANY INTENDS TO USE NET PROCEEDS FROM
PRIVATE
PLACEMENT TO FINANCE ITS ONGOING CLINICAL DEVELOPMENT IN
MESOTHELIOMA, MELANOMA AND PERITONEAL CANCER
    * TARGOVAX ASA - COMPANY INTENDS TO USE NET PROCEEDS TO
EXTEND
CASH RUNWAY THROUGH 2020
    * TARGOVAX ASA - COMPANY INTENDS TO USE NET PROCEEDS FOR
MANUFACTURING DEVELOPMENT ACTIVITIES AND GENERAL CORPORATE
PURPOSES
    * TARGOVAX ASA - SUBSCRIPTION PRICE IN PRIVATE PLACEMENT IS
NOK
8.00
    * TARGOVAX ASA - GROSS PROCEEDS FROM CONTEMPLATED ISSUE
APPROXIMATELY NOK 101 MILLION SUBJECT TO ALL SHARES BEING ISSUED

Source text for Eikon:  ID:nWkr42rkWC 
Further company coverage:  TRVX.OL 

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