Business
Why the Bionomics (ASX:BNO) share price is climbing today
The Bionomics Ltd (ASX: BNO) share price continues to climb today after the company announced it had received commitments for a placement.
At the time of writing, shares in the clinical-stage biopharmaceutical company are up 2.2% to 22.5 cents. Today’s movement follows major gains for the Bionomics share price recently, up 48% over the past week.
What’s moving the Bionomics share price?
Bionomics advised that it has entered agreements for a placement with several North American and European institutional and sophisticated investors to raise almost $16 million.
Under listing rule 7.1, the company will use its 15% placement capacity to issue 110,287,132 ordinary shares to eligible investors. Each share price will be offered at…
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