share issueBIOMIRA is offering shares at 2.57 US @ 83 cent canadian dollar, that correlates to 3.10/share Canadian.
This baby will see 3 dollars and under very soon. Beware of this as more shares are about to flood the market.
"The company will be offering up to 3,891,051 common shares at an issue price of $2.57 (U.S.), which represents a discount of 15 per cent to the $3.02 (U.S.) closing bid price of Biomira common shares as quoted on the Nasdaq National Market for Dec. 7, 2004.
The issue will include up to 778,210 purchaser warrants. Each purchaser participating in the offering will receive 0.20 warrant for every common share purchased in the offering."
Very attractive deal for the agents.
Good luck!
D-man