Volpara raises A$7M in discounted placement, to raise A$3.7M more in entitlement offer

Mon, 21 Nov 2016

By Jonathan Underhill Nov. 22 (BusinessDesk) - Volpara Health Technologies, the Wellington-based, ASX-listed digital health company, has raised A$7 million in a discounted placement and plans to raise a further A$3.7 million in an entitlement offer to shareholders. The company, which is focused on early detection of breast cancer, sold 11.6 million shares at 60 Australian cents apiece to institutional investors, a 28 percent discount to their last trading price. It is now undertaking a one-for-20 non-renounceable entitlement offer at the...

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