Physician Law Weekly
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Amarin Corporation plc
Neuroscience company completes $17.8M offering
June 22nd, 2005
Amarin Corporation plc (AMRN) announced that it has completed its previously announced registered direct offering with institutional and other accredited investors, including certain directors and executive officers of Amarin, of 13.7 million American Depositary Shares for gross proceeds of $17.8 million. The proceeds of the offering, after deducting the placement agent's fees and estimated offering expenses, will be approximately $16.7 million. After giving effect to Amarin's redemption of $2 million of loan notes in connection with the purchase of shares by our chairman, Thomas Lynch, the net proceeds will be approximately $14.7 million. Directors...
Source: Physician Law Weekly (2005-06-22)
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