Brief: Newron raises CHF 27.0 mln in a private placement of new shares

Newron Pharmaceuticals SpA

26/09/2017 06:00

Sept 26 (Reuters) - NEWRON PHARMACEUTICALS SPA  NWRN.S  
    * RAISES CHF 27.0 MILLION IN A PRIVATE PLACEMENT OF NEW 
SHARES 
    * HAS PLACED 2,000,000 NEW SHARES WITH INSTITUTIONAL 
INVESTORS AT A SUBSCRIPTION PRICE OF CHF 13.50 PER SHARE 
    * NEW SHARES REPRESENT 11.2% OF NEW TOTAL NUMBER OF 
OUTSTANDING SHARES (POST-TRANSACTION) OF 17,817,418 
    * INTENDS TO USE NET PROCEEDS OF TRANSACTION FOR GENERAL 
CORPORATE PURPOSES 
 
Source text for Eikon:  ID:nTENew8ipa  
Further company coverage:  NWRN.S  
 
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