Navamedic ASA: Completed Private Placement
Navamedic ASA has today completed a private placement of 750,000 shares at a subscription price of NOK 12.08 per share. The increase in share capital has been carried out in accordance with the authorization given by the company's annual general meeting 14 April 2011.The private placement was directed at the company's largest existing shareholders. Total proceeds of the offer was NOK 9.060.000 The net proceeds will be used to further develop the company's generics business area in line with the company's strategy.Allocation letters will be issued to subscribers having been allocated new