Bioniche set for ASX listing on Thursday
Tuesday, 25 January, 2011
Bioniche, a Canada-based biopharmaceutical company, is bracing for its listing on the Australian Securities Exchange, the ASX, which is planned to take place on Thursday.
Bioniche will adopt the same code it has on the Toronto Stock Exchange (TSX): BNC.
The company announced earlier in January that it had completed an offer of 8.6 million CHESS Depositary Instruments (CDI) with Australian investors at $1.45, raising $12.47 million.
This is on top of a further C$16.7 million raised in Canada in December through the offer of 11.5 million shares at C$1.45 per share.
This means the company has raised a total of C$28.9 million (A$29.2 million) through the joint offerings, which will be spent on expanding manufacturing capacity and further research and development and trials.
Bioniche focuses on animal health, human health and food safety technologies, and has offices in Canada, the United States and has a manufacturing facility, farm/research and development facility in Armidale and an office in Melbourne.
Listing on the ASX brings Bioniche closer to the growing Asian market and allows Australian investors to buy stock in the company more easily, said Graeme McRae, Chairman, President & CEO of Bioniche.
Scientists uncover how cancer cells hide from immune system
By targeting the RNA helicase known as DDX6, scientists could enable the immune system to...
Vanillin flavouring in vapes may disrupt embryo development
Vanillin — a common flavouring chemical in e-cigarettes — may disrupt the normal...
Heart valve tissues created from stem cells
The breakthrough should help advance our understanding into how human heart valves develop,...
