Replies to post #437 on Hepion Pharmaceuticals Inc (HEPA)

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ContraVir Pharmaceuticals Announces Closing of Public Offering of Common Stock and Warrants

https://finance.yahoo.com/news/contravir-pharmaceuticals-announces-closing-public-210148929.html

EDISON, N.J., May 01, 2017 (GLOBE NEWSWIRE) -- ContraVir Pharmaceuticals, Inc. (“ContraVir”) (CTRV), a biopharmaceutical company focused on the development and commercialization of targeted antiviral therapies, announced the closing on April 28, 2017 of its previously announced underwritten public offering of 12,000,000 shares of its common stock and warrants to purchase 6,000,000 shares of its common stock at a combined offering price of $1.00 for aggregate gross proceeds of $12 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by ContraVir. The shares of common stock and warrants will be issued separately. The warrants will be exercisable beginning on the date of issuance for a period of five years from the issuance date at an exercise price of $1.25 per share. There is no established public trading market for the warrants and ContraVir does not expect a market to develop in the future. ContraVir intends to use the net proceeds from the sale of the securities to fund research and development activities, including ongoing clinical trials, and for working capital and other general corporate purposes, and possibly acquisitions of other companies, products or technologies, though no such acquisitions are currently contemplated.

Canaccord Genuity Inc. acted as the sole book-running manager for the offering and Maxim Group LLC acted as a co-manager for the offering.

The shares of common stock and warrants described above are being offered pursuant to a shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission (SEC). A final prospectus supplement and accompanying prospectus relating to the offering was filed with the SEC and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from Canaccord Genuity Inc., Attention: Equity Syndicate Department, 99 High Street, 12th Floor, Boston, Massachusetts 02110, by telephone at [phone], or by email at [e-mail].