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Stock impact report

Zomedica Announces $7 Million Second Tranche Closing of Preferred Shares

Zomedica Corp. Common Shares (ZOM) 
US:NYSE Investor Relations: investors.zomedica.com
Company Research Source: GlobeNewswire
ANN ARBOR, Mich., June 10, 2019 (GLOBE NEWSWIRE) -- Zomedica Pharmaceuticals Corp. (NYSE American: ZOM) (TSX-V: ZOM) (“Zomedica” or “Company”), a veterinary diagnostic and pharmaceutical company, today announced that it has completed its second tranche closing of Series 1 Preferred Shares with the issuance of 7 Series 1 Preferred Shares to an accredited investor under a private placement at a purchase price of $1,000,000 per Series 1 Preferred Share for a total purchase price of $7,000,000.  The Company previously issued 5 Series 1 Preferred Shares to the same subscriber at a purchase price of $5,000,000 (for further details, see the Company's press release dated May 10, 2019).  Zomedica intends to use the net proceeds from this offering for the continued development of its diagnostic platforms and therapeutic candidates, including the payment of milestone payments under the Company’s existing license and collaboration agreements, and other general corporate and working capital pur Show less Read more
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