Aeterna Zentaris prices offering at $1.20/unit

|By:, SA News Editor

Aeterna Zentaris (AEZS) raises net proceeds of $12.1M by pricing 11M units at $1.20 each.

Each unit consists of one common share and 0.8 of a warrant to buy one common share at $1.25 each, excercisable for up to five years.

Aeterna Zentaris will use the money to fund its drug development and for general purposes.

Shares are -20.55% at $1.16. (PR)