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BRIEF-Prometic enters LOI for $80 mln line of credit from Structured Alpha LP
October 23, 2017 / 9:38 AM / a month ago

BRIEF-Prometic enters LOI for $80 mln line of credit from Structured Alpha LP

Oct 23 (Reuters) - Prometic Life Sciences Inc:

* Prometic enters into binding letter of intent to secure usd $80 million (CAD $100 million) line of credit from Structured Alpha LP, an affiliate of Thomvest Asset Management Inc

* Company to grant Structured Alpha LP an initial 10 million warrants with an exercise price of CAD $1.70 per common share​

* Company to also grant Structured Alpha LP additional 44 million warrants at exercise price of CAD $1.70 per common share​ Source text for Eikon: Further company coverage:

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