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Proteomics International: Raises $6M for high-tech blood test | Fintech InShorts: Latest fintech news, analysis by experts

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Proteomics International: Raises $6M for high-tech blood test

By Steve Sam

October 23, 2020

Proteomics International (PIQ) has received firm commitments to undertake a $6 million share placement
12.5 million shares will issued to sophisticated and professional investors at 48 cents each
Additionally, the company will issue 2.2 million options to Euroz Hartleys Securities and Candour Advisory
These options will have an exercise price of 75 cents with expiry two years after issue
Proteomics will also use the funds to manufacture, market, and speed-up regulatory approvals for its PromarkerD test and strengthen its balance sheet
Proteomics is up 9 per cent on the market with shares trading for 60 cents each

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