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BRIEF-Prometic enters into binding agreement to secure $25 million follow-on financing from structured Alpha LP
March 24, 2017 / 10:40 AM / in 7 months

BRIEF-Prometic enters into binding agreement to secure $25 million follow-on financing from structured Alpha LP

March 24 (Reuters) - Prometic Life Sciences Inc:

* Prometic enters into binding agreement to secure $25 million follow-on financing from structured Alpha LP, an affiliate of Thomvest Asset Management Inc

* Prometic Life Sciences Inc - $25 million debt financing to bear interest of 8.5pct per annum and repayable in July, 2022

* Prometic Life Sciences Inc - proceeds received by prometic from aggregate exercise of all of warrants would be sufficient to repay loan in its entirety

* Prometic Life Sciences -as partial consideration for loan, co will grant structured Alpha LP 10.6 million warrants with an exercise price of $3.70 per share Source text for Eikon: Further company coverage:

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