QualityStocksNewsBreaks – BriaCell Therapeutics Corp. (OTCQB: BCTXF) (TSX.V: BCT) Director to Invest C$500,000 in Private Placement Financing
BriaCell Therapeutics (OTCQB: BCTXF) (TSX.V: BCT), a biotechnology company developing targeted, safe treatments for cancer, this morning announced a non-brokered private placement financing of 5,000,000 of its common shares, each at a price of C$0.10, for gross proceeds of C$500,000. According to the update, recently-appointed BriaCell Director Jamieson Bondarenko will purchase the 5,000,000 common shares and, upon closing, will have beneficial ownership of an aggregate of 23,070,500 or 13.7 percent of the company’s issued and outstanding common shares. BriaCell intends to use net proceeds to finance its Phase IIa combination study of Bria-IMT(TM) with KEYTRUDA® (by Merck & Co., Inc.)…