Promisia plans to raise $1.3 mln in rights issue at 40% discount

Wed, 16 Nov 2016

By Jonathan Underhill Nov. 17 (BusinessDesk) - Promisia Integrative, which makes a dietary supplement for sore joints, plans to raise $1.3 million in a rights issue at a 40 percent discount for working capital. Under the offer, the Wellington-based company’s shareholders can apply for one new share for every 10 existing shares as at 5pm on Nov. 25 at 3 cents a share. The stock last traded at 5 cents and has soared 233 percent this year. Promisia's Arthrem dietary supplement is based on an extract from the plant Artemisia annua. More wo...

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