Medicus Pharma Ltd (TSE:MDCX) has released an update.
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Medicus Pharma Ltd. is set to raise US$5,845,000 by offering 2,922,500 common shares at US$2.00 each in a non-brokered private placement, with plans to close the deal around June 28, 2024. The proceeds are earmarked for funding research and development and for general working capital. Additionally, the company has advanced the conversion date for its convertible notes, with all note holders opting to convert on the newly scheduled date.
For further insights into TSE:MDCX stock, check out TipRanks’ Stock Analysis page.
