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Oncolytics Biotech, Inc. Message Board

  • starsearcher40 starsearcher40 Feb 21, 2013 10:08 PM Flag

    Prospectus Approved: Press release just out.

    2013-02-21 21:25 ET - Prospectus Approved
    This press release just came out (see below) . The key wording here is "WILL LIST an additional 8 million shares, which means the offering has already been fully subscribed. These shares WILL be listed on the 25th. Great to see that the interest was that strong!

    Oncolytics Biotech Inc. will list an additional eight million shares on the Toronto Stock Exchange at the open on Monday, Feb. 25, 2013, according to the TSX. As in a Feb. 20, 2013, prospectus supplement, the company plans to sell eight million shares at $4 (U.S.) each, raising $32-million (U.S.). Oncolytics has granted the underwriters an overallotment option to buy up to 1.2 million more shares at the same price for 30 days from the closing of the offering. The company plans to use the money raised to finance a clinical trial program and a manufacturing program, and for general corporate and working capital purposes.

    Sentiment: Strong Buy

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