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News Breaks
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July 14, 2011
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| 06:17 EDT |  | PRAN |
| theflyonthewall.com: | Prana files to sell up to 5M ADS through at-the-market offering | | Prana Biotechnology announced that it has filed a prospectus supplement to sell up to an aggregate 50M ordinary shares, represented by 5M American Depositary Shares, or ADS, through an "at-the-market" offering. If utilized, the ADSs would be offered through McNicoll, Lewis & Vlak LLC a sales agent who, at Prana's discretion and instruction, will use its commercially reasonable efforts to sell the ADSs at market prices from time to time, including sales made by means of ordinary brokers' transactions on the NASDAQ Capital Market. Prana intends to use the proceeds for ongoing and future research programs. :theflyonthewall.com |
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