Capital Strategy to Deliver on Key Value Building Initiatives
Innate Immunotherapeutics has announced a two-stage capital raising to fund ongoing clinical efficacy trials and development of its proprietary MIS416 drug.
- Stage 1 involves a private placement of 10M shares at A$0.25/share to US investors
- Stage 2 is a 1 for 9 Non-Renounceable Rights Issue at an Issue Price of A$0.25/share to all eligible shareholders which will close on July 5 2016
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