Brief: Zelira Raises $5 Million From U.S. Fund

Zelira Therapeutics

20/10/2021 02:09

Oct 20 (Reuters) - Zelira Therapeutics Ltd  ZLD.AX :
    * ZELIRA RAISES US$5 MILLION FROM US FUND
    * ANNOUNCES US$3.5 MILLION PLACEMENT OF CO'S SHARES AT
A$0.06 PER
SHARE
    * TOTAL PLACEMENT OF 79.9 ML SHARES AT A$0.06PER SHARE
RAISES
A$4.8 MILLION
    * INCLUDES US$1.5 MILLION VIA INVESTMENT IN ZELIRA
DERMATOLOGY FOR
3% STAKE, VALUING ZELIRA DERMATOLOGY AT US$50 MILLION
    * FOLLOWING FUNDRAISING, QUINCY STREET BECOMES SUBSTANTIAL
SHAREHOLDER WITH 6.3% STAKE

Source text for Eikon:  ID:nASX3pN2PM 
Further company coverage:  ZLD.AX 

 ((Reuters.Briefs@thomsonreuters.com;))