July 17, 2017 / 4:50 PM / 8 days ago

BRIEF-Paion raises 8 mln euros in private placement

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July 17 (Reuters) - Paion Ag

* Says raises eur 8.0 million in private placement

* Says a U.S. investor will invest eur 5.2 million and TIAA-cref will invest eur 2.8 million

* Says U.S. investor may subscribe for further up to 2.8 million new shares until 30 April 2018 in a maximum of two tranches Source text for Eikon: Further company coverage:

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