AVH 2.18% $2.69 avita medical inc.

Going up?"AUSTRALIA, 17 May 2011?Avita Medical Ltd. (ASX: AVH),...

  1. 377 Posts.
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    Going up?

    "AUSTRALIA, 17 May 2011?Avita Medical Ltd. (ASX: AVH), the regenerative medicine company, is
    pleased to announce that it will raise gross proceeds of A$9 million through a conditional
    placement to Australian and international institutions and sophisticated and professional investors"

    The only thing that I can think of is "who" are the Australian international institutions and the sophisticated and professional investors? (maybe someone well respected and we are'nt in the know yet?)maybe a new substantial shareholder that we wont know untill the placement happens? and what are the conditions of the placement? Are they in escrow for a period of time?



 
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