April 28, 2020 / 1:32 AM / a month ago

BRIEF-Mgc Pharmaceuticals To Raise $3.5 Mln Via Placement

April 28 (Reuters) - MGC Pharmaceuticals Ltd:

* SECURES COMMITMENTS FOR $3.5M PLACEMENT

* TO ISSUE ABOUT 129.6 MILLION NEW FULLY PAID ORDINARY SHARES AT $0.027 PER NEW SHARE

* PROCEEDS OF PLACEMENT WILL BE APPLIED TOWARDS PRODUCTION FOR CO’S CANNABINOID- BASED MEDICINES Source text for Eikon: Further company coverage:

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