Drug research firm raises £10m with Stock Market placing

A drug research company based in Manchester has raised £10m with a Stock Market placing. C4X Discovery Holdings announced the completion of the placing on the Stock Market yesterday afternon. A total of 11,111,111 shares were placed by Panmure Gordon at the issue price of 90 pence per new ordinary share. The shares being issued represent approximately 23.9 per cent. of the issued ordinary share capital of the company. The proceeds of the placing will be used to support the execution of its strategy of becoming the world's... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...