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OKYO Pharma Announces $5.74M Private Placement And Investment By Directors, Senior Management Members

OKYO will issue 3,503,665 new ADSs (representing 227,738,225 new Ordinary Shares) ("New ADSs") to certain investors at a price of U.S.$1.50 per New ADS ("U.S. Offering Price") raising gross
  • OKYO will issue 3,503,665 new ADSs (representing 227,738,225 new Ordinary Shares) (“New ADSs“) to certain investors at a price of U.S.$1.50 per New ADS (“U.S. Offering Price“) raising gross proceeds of approximately U.S.$5.3 million (before deducting expenses). Each New ADS offered in the U.S. Offering represents 65 Ordinary Shares. No commissions are payable by the Company to any brokers or third parties.
  • OKYO will also issue 8,673,658 new Ordinary Shares (the “Subscription Shares“) to investors (including Gabriele Cerrone) at a price of U.S. $0.23 per new Subscription Share (equivalent to U.S.$1.50 per New ADS) raising gross proceeds of approximately U.S.$0.1 million (before deducting expenses). No commissions are payable by the Company to any brokers or third parties.
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