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Stock Market & Financial Investment News

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February 27, 2014
09:29 EDTONCYOncolytics Biotech signs $25M share purchase agreement with Lincoln Park Capital
Oncolytics Biotech has entered into a share purchase agreement with Lincoln Park Capital Fund that will provide an initial investment in Oncolytics of $1.0M and make available additional periodic investments of up to $25.0M over a 30-month term. Oncolytics received a $1.0M investment in exchange for the issuance of 600,962 common shares to LPC at a per share purchase price of $1.664. In addition, Oncolytics may sell up to $25.0M worth of common shares to LPC over the 30-month term.
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