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ONCOZ — Oncozenge AB News Story

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Brief: OncoZenge Lacks Liquidity, Cites Investor Payment Delay

Jan 22 (Reuters) - OncoZenge AB ONCOZ.ST:

SAID ON WEDNESDAY INVESTOR SICHUAN YANGTIAN BIO-PHARMACEUTICAL CO, LTD UNABLE TO PAY SUBSCRIPTION PROCEEDS OF ABOUT SEK 9.1 MILLION BY END OF DEADLINE IN DIRECTED SHARE ISSUE

PAYMENT IS EXPECTED TO BE MADE WITHIN ABOUT 30 DAYS

CO LACKS SUFFICIENT LIQUIDITY TO COVER ITS OBLIGATIONS FOR COMING MONTH

CO ACTIVELY EXPLORING OPTIONS TO ADDRESS LIQUIDITY SITUATION, SECURE SHORT-TERM FINANCING

 Source text for Workspace: nMFNRqmC1
 Further company coverage: ONCZO.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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