Genetic Technologies Eyes A$4.5M Private Placement; Explores Blockchain Partnership

Feb 15, 2018

NEW YORK (GenomeWeb) – Australian molecular diagnostics firm Genetic Technologies said today that it intends to raise up to A$4.5 million ($3.6 million) through the private placement of up to 324.7 million newly issued shares at a price of A$.014 each.

The company said that it has hired investment firm Lodge Corporate to assist with the proposed offering, which remains subject to shareholder approval.

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