Advanced Proteome Therapeutics Corp. announced a C$1.9 million rights offering.
Advanced Proteome will issue 1 unit for every 4 shares held in the company at a price of 6 Canadian cents apiece.
Each unit will comprise 1 common share and 0.5 of a purchase warrant. Each whole warrant is exercisable into an Advanced Proteome share at 10 cents apiece.
The rights offering will expire July 5.