Vast Resources PLC Raises £600,000 Through Placing of Ordinary Shares
Vast Resources PLC Raises £600,000 Through Placing of Ordinary Shares
May 7, 2020
Clear Capital Advisory Account: Its most popular service
July 31, 2020
Show all

Faron Pharmaceuticals Raises EUR14 Million Validating Previous Share Bookbuild

Faron Pharmaceuticals Raises EUR14 Million Validating Previous Share Bookbuild

Promotion

Recently, Faron Pharmaceuticals, a Finnish company offering drug discovery and development services and focusing on the treatment of acute organ traumas, cancer immunotherapy, and metabolic syndrome vasculopathies, raised EUR14 million in line with a share bookbuild that it had announced previously.

The company further claimed that it expected to raise another EUR10 million through equity issue. Faron Pharmaceuticals revealed that its share issue consisted of 2.7 million Nordic placing shares, with the value of the shares being EUR4.00 per share, an approximately 8% discount on the earlier closing price.

The fundraise also included the issuance of 780,998 UK placing shares, at GBP 3.48 per share. Meanwhile, London-listed shares witnessed a drop of 8.9%, closing at 360.00 pence each.

This is what Markku Jalkanen, Faron Pharmaceuticals CEO, had to say about this recent development: “We are extremely happy with the support we have received from existing and new shareholders on this oversubscribed fundraising. With these additional resources we can expand MATINS cancer cohorts into all nine cancer areas as advised by the trial data monitoring committee recently. With initial clinical benefit already observed among the Part I patients, we are very excited to move to Part II patient recruitment.”

Faron Pharmaceuticals managed to raise funds worth millions with the assistance of Clear Capital Markets Limited (authorised and regulated by the Financial Conduct Authority FRN 706689). If you wish to strengthen the financial position of your entity through similar means, please contact us.

Risk Warning: The value of investments can fall as well as rise; you may not get back the amount invested.


This blog post is written by Bob Roberts, Director at Clear Capital Markets, Fully RDR Compliant (Level 6 / Valid SPS), FSA CF30 Registered, CISI Level 6 Certificate in Private Client Investment Advice & Management (PCIAM), CISI Level 4 Investment, Risk and Taxation (Part of the IAD), CISI Level 3 Certificate in Investments (Derivatives), Unit 1: FSA Financial Regulation (2010),Unit 3 Derivatives (2011)

Areas of expertise:
wealth management, portfolio management, HNW private and professional client relationship management, corporate finance, long/short and hedging strategies, risk management, equities & derivatives.

11 Comments

  1. dublaj izle says:

    Way cool! Some very valid points! I appreciate you penning this write-up plus the rest of the site is also really good. Lizzie Joshua Danieu

  2. filmi izle says:

    This is my first time pay a visit at here and i am actually impressed to read everthing at alone place. Dulcine Woodman Loralyn

  3. I am actually grateful to the holder of this web site who has shared this wonderful paragraph at at this place.

  4. Hello there! Would you mind if I share your blog with my myspace group?

    There’s a lot of folks that I think would really enjoy your content.

    Please let me know. Thank you

  5. yabanci says:

    Good article. I will be experiencing some of these issues as well.. Theodora Keane Rachele

  6. diziler says:

    Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! By the way, how could we communicate? Jenda Florian Horatio

  7. 0mniartist says:

    These are in fact wonderful ideas in on the topic of blogging.
    You have touched some good factors here. Any way keep up wrinting.
    asmr 0mniartist

  8. 0mniartist says:

    Thank you a lot for sharing this with all
    folks you really understand what you’re speaking about!
    Bookmarked. Please additionally consult with my website =).
    We can have a hyperlink alternate agreement among us 0mniartist asmr

  9. 0mniartist says:

    Wow that was unusual. I just wrote an really long comment but after I clicked submit my comment didn’t show up.
    Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say excellent blog!
    0mniartist asmr

  10. 0mniartist says:

    Your style is so unique in comparison to other people I’ve read
    stuff from. Thank you for posting when you’ve got the opportunity, Guess I’ll just book mark this web site.
    asmr 0mniartist

  11. zovrelioptor says:

    I and also my pals happened to be taking note of the great points on your web page then at once developed an awful feeling I never expressed respect to the website owner for those strategies. My women appeared to be consequently happy to study them and already have without a doubt been having fun with these things. Many thanks for being well helpful and also for choosing this kind of awesome guides most people are really needing to know about. My sincere apologies for not expressing appreciation to you sooner.

Leave a Reply

Your email address will not be published. Required fields are marked *