CORRECT BLIS forecasts wider 2013 loss, seeks to raise capital

Fri, 31 Aug 2012

(Corrects third paragraph to show US company suspended promotions) By Hannah Lynch Aug. 31 (BusinessDesk) - BLIS Technologies, the NZX-listed biotechnology company, widened its forecast 2013 loss and launched a share purchase plan and placement in a bid to raise up to $1.5 million. The Dunedin-based company says its operating loss in the year ending March 31 may be $1.3 million, up from the loss of $800,000 million it affirmed in July. The change reflects a decision by a US-based formulator to suspend the promotion and sales of a product wi...

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