BRIEF-Genenews completes financing under financial hardship exemption

Thu Apr 28, 2016 8:23am EDT
 
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April 28 (Reuters) - Genenews Ltd

* Genenews completes financing under financial hardship exemption

* Has executed a definitive financing agreement whereby company will draw down on us$10 million in structured, unsecured convertible notes

* Initial draw will be limited to us$200,000 within first 120 days

* Confirmed that aggregate number of common shares issued in offering will not exceed 50 million Source text for Eikon: Further company coverage: