Normally a company has to price their shares at a discount to market price to make the offer attractive to large investors. The fact that a large placement was taken up at the current market price shows that the investors are very confident that the share price will rise in the foreseeable future. It's a strong vote of confidence in the development of NTI-61.
News: NTI Neurotech International Completes A$10.0 Million Capital Raise, page-4
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