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Sirona Biochem Secures Funds Through Placement
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Sirona Biochem Secures Funds Through Placement

Sirona Biochem (TSE:SBM) has released an update.

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Sirona Biochem Corp. has successfully completed a private placement, raising $132,500 CAD through the sale of 1,325,000 units at $0.10 each, which include share purchase warrants. The funds are slated for general working capital purposes, with all securities subject to a statutory hold period expiring on August 4, 2024. This financial move supports the company’s ongoing efforts in cosmetic ingredient and drug discovery leveraging their proprietary technology.

For further insights into TSE:SBM stock, check out TipRanks’ Stock Analysis page.

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