Pacific Edge to raise up to $20.5 mln in rights issue to fund US push

Wed, 23 Oct 2013

By Paul McBeth Oct. 23 (BusinessDesk) - Pacific Edge, the bladder test investor whose share price has more than doubled in the past week, wants to raise as much as $20.5 million from shareholders to fund its growing push into the US, having grabbed a beach-head with two healthcare network providers in the world’s biggest economy. The Dunedin-based company will offer a 2 for 15 renounceable rights issue to investors at 55 cents apiece, a 16 percent discount to the volume-weighted average over the past month, and 57 percent below the recent t...

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