BioLineRx Ltd (BLRX): BioLineRx investor ups stake to almost 2...

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Re: rebelwithacause post# 1432

Wednesday, 07/26/2017 11:57:22 AM

Wednesday, July 26, 2017 11:57:22 AM

BioLineRx investor ups stake to almost 25%; shares ahead 2%

Jul. 26, 2017 11:25 AM ET|About: BioLineRx Ltd. (BLRX)|By: Douglas W. House, SA News Editor
BioLineRx (BLRX +1.6%) reports that its largest investor, BVF Partners L.P. has agreed to a new direct investment of $9.6M in the company that will increase its stake to 24.9%.

Specifically, BVF will purchase ~8.5M Units at $1.13. Each Unit consists of one ordinary share, 0.35 of a Series A warrant and 0.35 of a Series B warrant.

The Series A warrants have a four-year term and are exercisable at $2.00 per ordinary share. The Series B warrants also have a four-year term and are exercisable at $4.00 per ordinary share.

https://seekingalpha.com/news/3281540-biolinerx-investor-ups-stake-almost-25-percent-shares-ahead-2-percent?app=1&uprof=45&dr=1#email_link

https://seekingalpha.com/article/4088472-investors-waiting-biolinerx