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RSS FeedsStrategic Investment, Placing and Open Offer to raise up to £6.0 million Notice of General Meeting
(WorldNews Europe)

 
 

20 may 2019 10:33:55

 
Strategic Investment, Placing and Open Offer to raise up to £6.0 million Notice of General Meeting
(WorldNews Europe)
 


Collagen Solutions plc (AIM: COS), the developer and manufacturer of biomaterials and regenerative medicines for the enhancement and extension of human life, announces a strategic investment by Rosen`s Diversified Inc ("RDI") of £4.18 million (the "Subscription"). In addition to this Subscription the Company is undertaking a Placing and Open Offer. The funds raised from this new strategic partner and new and existing shareholders will total up to £6.0 million. The Subscription, Placing and Open Offer are to be conducted at a price of 5.0p per share, a premium of 23.5% to Collagen`s closing price on 17 May 2019. Highlights The conditional Subscription, which is subject to...


 
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