November 20, 2014 / 5:33 PM / 3 years ago

BRIEF-Magforce AG to issue up to 1,700,000 new shares in capital increase

Nov 20 (Reuters) - Magforce AG

* Announces capital increase excluding shareholders' subscription rights

* Says will utilize a portion of authorized capital by issuing up to 1,700,000 new shares representing approx. 7 percent of registered share capital

* Says proceeds shall be utilized to accelerate commercialization of Nanotherm therapy outside of North America

* Says placement of new shares is expected to be completed on Nov. 21, 2014 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below