BRIEF-Fennec announces $5 mln private placement of common shares

Fri Apr 8, 2016 8:16am EDT
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April 8 (Reuters) - Fennec Pharmaceuticals Inc :

* Common shares of company ("shares") will be issued at a price of US$1.90 per share

* Anticipated that net proceeds of offering will be used by company for development of STS

* Announces $5.0 million private placement of common shares by Sigma Tau Finanziaria Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)