February 13, 2020 / 2:22 PM / 5 days ago

BRIEF-Algernon Pharmaceuticals Announces Private Placement

Feb 13 (Reuters) - Algernon Pharmaceuticals Inc:

* ALGERNON PHARMACEUTICALS ANNOUNCES PRIVATE PLACEMENT

* ALGERNON PHARMACEUTICALS INC - UNDERTAKING A NON-BROKERED PRIVATE PLACEMENT OF UP TO 14.1M UNITS AT A PRICE OF $0.085 PER UNIT

* ALGERNON PHARMACEUTICALS - NET PROCEEDS OF OFFERING WILL BE USED TO FUND PLANNED PHASE CLINICAL TRIAL FOR IDIOPATHIC PULMONARY FIBROSIS Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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