PFSCF - A Retail Investor's Look At Prometic's Refinancing Plan

The Refinancing Plan

On Monday April 15, Prometic life Sciences (PFSCF) announced their refinancing plan. All the prices in this article are in Canadian dollars.

Here are the highlights:

• an offering of common shares of Prometic (the “Common Shares”) on a private placement basis led by Consonance Capital Management (“Consonance”) at a per share price rounded to the nearest 5 decimals of $0.01521 (the “Transaction Price”) for aggregate gross proceeds to Prometic of $75 million (the “Private Placement”);
• the conversion of approximately $229 million

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