May 19, 2017 / 12:12 AM / 2 months ago

BRIEF-Auscann secures $12 million in institutional placement

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May 19 (Reuters) - Auscann Group Holdings Ltd:

* Auscann secures $12 million in institutional placement

* 24 million shares to be issued at 50 cents a share

* Funds to be used for development of cultivation & manufacturing activities & accelerating its medical outreach programme Source text for Eikon: Further company coverage:

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