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Genetic Tech gets capital raise from U.S. investors

Mar. 06, 2015 1:10 PM ETGenetic Technologies Limited (GENE)GENEBy: Douglas W. House, SA News Editor5 Comments
  • Melbourne, Australia-based Genetic Technologies (GENE -20.8%) raises AUD$18.6M (US$14.3M) from U.S.-based investors via its offer of 3,333,333 American Depositary Shares (ADSs) representing 499,999,950 ordinary shares. Each ADS represents 150 ordinary shares.
  • Net proceeds will fund the commercialization of BREVAGenplus, the company's refocus on the U.S. molecular diagnostics market and working capital.

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Comments (5)

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Lejun James Shao profile picture
May start another round of run similar to ADXS.
Patent News profile picture
comments not showing up
ya they r gna b awhile before this one takes off again
Patent News profile picture
started a position on the dip
Verge Of Bankruptcy profile picture
That explains the recent pump & dump!
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