BIOTEC – Raises NOK 40 million in a private placement
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES Tromsø, Norway, 11 January 2013 Biotec Pharmacon ASA ("Biotec" or the "Company", ticker "BIOTEC") today announces that the Company has raised NOK 40 million in gross proceeds through a private placement of 9,500,000 new shares, each with a par value of NOK 1.00 at a price of NOK 4.25 per share (the "Private Placement"). The new shares represent approximately 33.3% of the current issued shares in the Company.The Private Placement took place through