19th Feb 2015 11:06
LONDON (Alliance News) - Advanced Oncotherapy PLC Thursday said it has issued shares after an exercise of warrants and as a result of debt conversion.
In a statement, the company said it has issued 1.0 million new shares at a subscription price of 3.4559 pence each to Darwin Strategic Ltd due to an exercise of warrants issued to Darwin.
Following the exercise, Darwin holds warrants over a further 1.5 million shares.
Advanced Oncotherapy said it has also issued 1.8 million shares at Wednesday's closing mid-market price of 4.43 pence each, in settlement of accrued interest on loans previously made to the
company where the lender has exercised its right to take the interest in shares.
Advanced Oncotherapy shares were down 0.5% at 4.405 pence.
By Samuel Agini; [email protected]; @samuelagini
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