Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • OncoSil Medical Receives Substantial Shareholder Notice From Webinvest 0 comments
    Sep 23, 2013 8:12 PM

    OncoSil Medical (ASX:OSL) has received a notice of change of substantial interests from Webinvest, which is backed by seasoned investor Otto Buttula, which now holds a 6.33% stake.

    It had acquired 2,173,617 shares for $322,909.44 in on-market purchases between 16 August and 6 September and a further 4,611,539 shares for $599,500.07 through the company's recent placement.

    This increased Webinvest's - acting as trustee for OLSB Unit Trust - total shares to 19,133,067 shares from the previous 12,432,673 shares.

    The company's placement to raise funds for the global Registration Study for its OncoSil™ localised radiation therapy for the treatment of pancreatic cancer had closed heavily oversubscribed.

    OncoSil™ emits radiation directly into the pancreatic tumour and the pain conducting nerves surrounding it.

    Buttula founded broking house IWL in 1999 before selling it to Commonwealth Bank in September 2007 for a reported $373 million.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.