Cliff Holloway, chief executive at Scancell Holdings Plc (LONSCLP), tells Proactive Investors they're raising up to ?8mln through a placing and open offer - cash that will be used develop their three main drug candidates.
A placing and subscription at 12 pence a share will account for ?6mln of the total.
The company also wants to include existing investors, so is planning a ?2mln open offer of stock once the placing has been concluded.
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