Home » Altachem Pharma Announces Closure of Private Placement
Altachem Pharma Announces Closure of Private Placement
May 11, 2005
Altachem Pharma announced that it has closed the second and last tranche of the non-brokered private placement financing announced Dec. 10, 2004, with the sale of an additional 4,200,000 units (the "Units") for gross proceeds of $1,050,000. Closing of the second tranche is subject to regulatory approval. The proceeds will be used to further operations and fund core programs. Total gross proceeds from both tranches are $1,493,000.
Canada NewsWire Group (http://www.newswire.ca/en/releases/archive/May2005/10/c6791.html)
KEYWORDS Daily International Pharma Alert
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