September 28, 2017 / 6:22 AM / 2 months ago

BRIEF-Midatech Pharma announces proposed placing and open offer

Sept 28 (Reuters) - MIDATECH PHARMA PLC:

* PROPOSED PLACING TO RAISE UP TO APPROXIMATELY £6 MILLION AND OPEN OFFER TO RAISE UP TO £2 MILLION

* NET PROCEEDS OF PLACING WILL PROVIDE COMPANY WITH ADDITIONAL WORKING CAPITAL TO FUND INVESTMENT IN PROGRESSING GROUP‘S THREE LEAD DEVELOPMENT PROGRAMMES Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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