From Small Times
Equity financing
pSivida
Ltd. Perth, Australia
$9 million private placement
Investors: Undisclosed U.S. and European investors
pSivida, a global bio-nanotech company developing drug delivery products, placed 40,957,050 million fully paid ordinary shares issued at A$0.2695 each. U.S. investment bank HPC Capital Management Corp. acted as the sole placement agent. The company will use the proceeds to retire a convertible loan. pSivida recently announced an exclusive worldwide collaborative research and license agreement with Pfi zer Inc. for its controlled drug delivery technologies in ophthalmic applications.
Acquisitions and mergers
Streamscape
Minerals Vancouver, B.C.
Undisclosed amount
Acquirer: VeruTEK Technologies Inc.
Streamscape Minerals is known for acquiring and exploring mineral resources in Canada—specifi cally gold, tungsten, tin, and molybdenum. Following completion of the reverse-merger transaction, the publicly traded Streamscape Minerals began operating under the name VeruTEK Inc. and began trading on the Over-the-Counter Bulletin Board under its new ticker symbol VTKT.OB.
No comments:
Post a Comment