The biotechnology company situated in Australia has announced that the non-renounceable Entitlement Offer to raise approximately $3.3 million, closed at 2:00 pm on Monday, 10 December 2018 as per the terms of the Offer. To subscribe for 59,141,273 new Shares from eligible shareholders under the Offer raising $1,184,484.26 the company has received applications. With the fully paid ordinary shares of the company existing, all new shares issued under the Entitlement Issue will rank equally in all respects.
The company entered into a mandate letter as outlined in the Offer Document with Merchant Corporate Advisory Pty Ltd who have agreed under the Mandate to subscribe for and place all Shortfall Shares under the Offer. Dr. Irmgard Irminger-Finger, the Executive Director, has sold 8,599,683 shares in the company and said that to enable her to participate in the company’s non-renounceable rights issue which was announced on 08/11/2018 she has sold the shares.
The company focused on developing non-invasive diagnostics for early detection of cancer to save lives. BARD1 blood tests measure autoantibodies to BARD1 proteins and use an algorithm to give a cancer score. Present in early stages before symptoms appear autoantibodies indicate the body’s early immune response to cancer. Early detection enables earlier treatment, save lives, improves patient outcomes and reduces healthcare costs.
Bard 1 for further expansion of its product portfolio, diversification of its risk profile and enhancing shareholder value, continued with its plan to explore varied corporate and fundraising opportunities. As on September 30, 2018 i.e. at the end of the first quarter, the company has posted a closing cash balance at $1.13m.
BARD1 Life Sciences Limited (ASX: BD1) is trading at a market price of $0.019 which is flat for the day as at December 12, 2018. The market capitalization of the stock is at $15.74 billion as of the date, and the company has witnessed an attractive performance change of 177.45% over the past 12 months.
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.