July 9, 2020 / 1:34 AM / a month ago

BRIEF-LBT Innovations Announces Proposed Placement

July 9 (Reuters) - LBT Innovations Ltd:

* RECEIVED COMMITMENTS TOTALLING ABOUT $8 MILLION, FOR NEW FULLY PAID ORDINARY SHARES IN COMPANY AT 16 CENTS PER SHARE

* PLACEMENT AT 16 CENTS PER SHARE

* FUNDS FROM PLACEMENT WILL BE USED TO SUPPORT THESE SALES ACTIVITIES IN EUROPE WITH BECKMAN COULTER Source text for Eikon: Further company coverage:

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