Clinical Trial Research

QRxPharma Limited Announces A$21.6 Million Fully Underwritten Capital Raising

Published in Medical Device Law Weekly, December 6th, 2009

QRxPharma Limited (ASX: QRX and OTCQX: QRXPY) has announced the completion of an underwritten institutional placement raising A$8.0 million which was significantly oversubscribed. The Company has also launched a fully underwritten 1 for 5 renounceable rights issue to raise a further A$13.6 million. The combined Placement and Rights Issue will raise A$21.6 million.

The issue price under the Placement and Rights Issue is A$0.80 per share; a 33.3% discount to the last closing price of QRxPharma shares on 10 November 2009.

The Placement and Rights Issue are fully underwritten by RBS Morgans Corporate Limited.

QRxPharma intends to use...

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Source: Medical Device Law Weekly (2009-12-06)

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