AvechoBiotechnology Limited | ASX:AVE| ACN: 056 482 403|ABN: 32 056 482 403Unit 8A, 2A Westall Road, Hallmarc Business Park, Clayton VIC Australia 3168avecho.com.auASX Announcement10 February 2021
AVE RECEIVESFIRM COMMITMENTOF $5.06M BY PLACEMENTTO ADVANCE PHARMACEUTICAL CANNABINOID PROGRAMKey highlights•Avecho has received firm commitment to raise$5.06mviaplacement•Horizon 3 Biotech welcomed to the registerwith a $1mcommitment–a show of confidence forAvecho’s pharmaceutical cannabinoid program•Placement strongly supportedbyexisting shareholders, together with new sophisticated investors and professional funds •The additional funds will advance the company’s pharmaceutical cannabinoid product through a Phase II/IIItrial to be used for product registration
Ann: AVE receives firm commitment to raise $5.06 via placement, page-2
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