PuraPharm Announces Private Placement of New Shares to Subscriber

Reuters
Oct 30
PuraPharm Announces Private Placement of New Shares to Subscriber

PuraPharm Corporation Limited has announced the completion of two significant transactions: a discloseable and connected transaction related to a Patent Licence Agreement, which involved issuing 93,488,372 consideration shares under a specific mandate, and a discloseable transaction regarding the subscription of 46,512,000 new shares by a subscriber, also under a specific mandate. Following these transactions, the company's total issued shares increased to 535,897,647, with the new subscriber holding an 8.68% stake. The transactions are part of the company's ongoing strategic initiatives.

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