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Diamyd Medical Ab (publ)
Diamyd Strengthens Financial Position and Executes a Fully Subscribed Direct Placement
May 7th, 2008
Diamyd Medical AB (publ) has decided on, and successfully executed, a direct placement of in total 991,000 series B shares. The shares have been placed with a limited group of professional investors at a price of 73 SEK per share. The issue raises 72.3 MSEK in total for the Company before issue costs. For each issued and paid new share one warrant is received free of charge, which gives the right to subscribe for a series B share at a price of 100 SEK during April 2009. Full use of the issued warrants will generate an additional 99.1 MSEK in proceeds to the Company. "This issue takes us one further step towards the commercialization of our therapeutic diabetes vaccine...
Source: Vaccine Weekly (2008-05-07)
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