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Burcon Announces Details of Completed Rights Offering

BURCON NUTRASCIENCE (BUR)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: burcon.ca/investors/corporate_factsheet.php
PDF VANCOUVER, British Columbia, Feb. 19, 2018 (GLOBE NEWSWIRE) -- Burcon NutraScience Corporation (TSX:BU) (NASDAQ:BUR) ("Burcon") is pleased to announce that, further to its press release dated February 14, 2018 with respect to the completion of Burcon's rights offering (the "Rights Offering"),  Burcon has issued 6,114,361 Common shares of Burcon ("Common Shares") at a price of $0.57 per share for aggregate gross proceeds to Burcon of $3,485,186 under the Rights Offering. Total subscriptions, including those exercised pursuant to the additional subscription privilege, represented 64.7% of the Common Shares available under the Rights Offering. A total of 4,676,627 Common Shares were issued pursuant to the basic subscription privilege of the Rights Offering.  Of these, 2,371,724 Common Shares were issued to insiders of Burcon and 2,304,903 Common Shares were issued to all other persons.  A total of 1,437,734 Common Shares were issued pursuant to the additional subscription privilege o [Read more]

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