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Oncolytics Biotech announced the beginning of its proposed public offering.
Oncolytics Biotech (TSX:ONC, OTCQX:ONCYF) announced the beginning of its proposed public offering.
As quoted in the press release:
The Offering will be effected pursuant to a prospectus supplement (the “Prospectus Supplement”) to the Company’s base shelf prospectus dated February 16, 2016 (together with the Prospectus Supplement, the “Prospectus”), to be filed with securities regulators in each of the Provinces of Canada, other than Quebec. The Securities may also be offered for sale in the United States pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state laws. The number of Securities to be distributed, the price and other terms of the Offering will be determined in the context of the market with final terms to be determined at the time of pricing.
The Offering is subject to a number of conditions, including, without limitation, receipt of approval of the Toronto Stock Exchange. Oncolytics expects to use the net proceeds from the offering for working capital, expanding partnering activities and advancing the clinical program for metastatic breast cancer.
Click here to read the full press release.
Source: www.newswire.ca