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BRIEF-Innate Immunotherapeutics says to make private placement to raise gross proceeds of A$2mln
March 16, 2017 / 10:32 PM / 5 months ago

BRIEF-Innate Immunotherapeutics says to make private placement to raise gross proceeds of A$2mln

March 17 (Reuters) - Innate Immunotherapeutics Ltd :

* Has resolved to make a private placement to raise gross proceeds of a$2mln

* Intends to use proceeds for additional working capital beyond planned release of phase 2b trial results in q3 of 2017

* Placement of 2.8 million ordinary shares will be priced at a$0.72 per share

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