BioLineRx Ltd (BLRX)

[DOGONE]

BioLineRx Closes $28.75 Million Underwritten Public Offering of its American Depositary Shares

Last update: 11/03/2015 11:00:00 am

JERUSALEM--(BUSINESS WIRE)--March 11, 2015--

BioLineRx (NASDAQ: BLRX) (TASE: BLRX), a clinical-stage biopharmaceutical company dedicated to identifying, in-licensing and developing promising therapeutic candidates, today announced that it has closed its previously announced underwritten public offering of 14,375,000 American Depositary Shares ("ADSs"), each representing ten (10) of its Ordinary Shares, at a public offering price of $2.00 per ADS, for gross proceeds of $28.75 million. All of the ADSs in the offering were sold by BioLineRx. The amount of ADSs sold includes an additional 1,875,000 ADSs purchased by the underwriters pursuant to the over-allotment option granted to them by BioLineRx.

JMP Securities acted as sole book-running manager for the offering. Roth Capital Partners acted as lead manager. Maxim Group LLC acted as co-manager.

The ADSs were issued pursuant to a shelf registration statement that was previously filed with, and declared effective by, the Securities and Exchange Commission (SEC). A final prospectus supplement related to the offering has been filed with the SEC and is available on the SEC's website located at www.sec.gov.