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clock Created with Sketch. 01/07/16
11:27
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Originally posted by hottuna
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So they're going to hack back spending on everything else to accommodate funding the CHF trial until Q1 2017, and they've got a financing facility with these terms:3. For each placement, Mesoblast will receive funds from Kentgrove Capital via the issue of shares at a volume weighted average price (VWAP) based on the sale of Mesoblast shares by Kentgrove Capital over the placement period less 4.5%, which cannot be less than the minimum issue price determined by Mesoblast.
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I wouldnt think we would be initiating the facility till the end of the year at least and "hopefully" management could have something else in place by then.
(20min delay)