May 19, 2017 / 9:12 AM / 2 months ago

BRIEF-Redwood Pharma carries out rights issue of units

1 Min Read

May 19 (Reuters) - REDWOOD PHARMA AB:

* Says Board Decided to Carry Out a Rights Issue of Units

* ISSUE IS EXPECTED TO RAISE PROCEEDS OF UP TO SEK 24.2 MILLION BEFORE ISSUE COSTS

* PURPOSE OF ISSUE IS TO PREPARE AND IMPLEMENT PLANNED CLINICAL PHASE II STUDY OF COMPANY'S PRODUCT CANDIDATE RP101

* EACH UNIT CONSISTS OF 1 NEWLY ISSUED SHARE AND 1 NEWLY ISSUED WARRANT

* 5 Unit Rights Entitle to Subscribe for 4 New Units

* Subscription Price Is Set at Sek 3.30/Unit

* Subscription Takes Place from June 1 to June 20

Source text: bit.ly/2rkV6U4

Further company coverage: (Gdynia Newsroom)

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