Pacific Edge undertakes $8 million share placement

Tue, 14 Feb 2017

By Rebecca Howard Feb. 15 (BusinessDesk) - Cancer diagnostics company Pacific Edge has undertaken an $8 million share placement to institutional and other select investors in New Zealand in order to shore up its balance sheet. The placement was undertaken at no discount to market with investors subscribing at 50 cents per share, the trading price on Tuesday. "While the company has sufficient cash on hand of approximately $9 million for its immediate growth requirements, the new investments provides additional support for Pacific Edge...

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