closed Merus Labs International Inc. Announces Closing Of $27 Million Bought Deal Financing
Tuesday, March 01, 2016
Merus Labs International Inc. Announces Closing Of $27 Million Bought Deal Financing
09:05 EST Tuesday, March 01, 2016
TORONTO, March 1, 2016 /PRNewswire/ - Merus Labs International Inc. ("Merus" or the "Company") (TSX: MSL, NASDAQ: MSLI) is pleased to announce today the closing of its previously announced bought deal financing of subscription receipts (the "Offering") with a syndicate of investment dealers (the "Underwriters"). The Company issued a total of 14,250,000 subscription receipts (the "Subscription Receipts") at a price of $1.90 per Subscription Receipt for gross proceeds of $27,075,000.