Business News • MarketWire • Working Opportunity Fund (EVCC) Ltd. Reports Investment in Tekmira Pharmaceuticals Corporation-GrowthWorks Capital Ltd. |
Working Opportunity Fund (EVCC) Ltd. Reports Investment in Tekmira Pharmaceuticals Corporation-GrowthWorks Capital Ltd. |
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Working Opportunity Fund (EVCC) Ltd. Reports Investment in Tekmira Pharmaceuticals Corporation-GrowthWorks Capital Ltd.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2011) - The Working Opportunity Fund (EVCC) Ltd. ("WOF"), managed by GrowthWorks*, announced today that it has acquired in a public offering transaction (the "Offering") 563,000 units (the "Units") of Tekmira Pharmaceuticals Corporation ("Tekmira") at a price of $2.85 per Unit. Each Unit consists of one common share of Tekmira and one half of one common share purchase warrant (the "Warrants"). Each whole Warrant is exercisable for one common share of Tekmira at a price of $3.35 per common share until June 16, 2016. The closing of the Offering occurred after the close of market on June 16, 2011 and the Offering was made pursuant to a prospectus. The common shares of Tekmira are listed on the TSX and NASDAQ. The 563,000 common shares and Warrants, if fully exercised, together with WOF's current holdings of 1,306,467 common shares, represents approximately 17.33% of the issued and outstanding common shares of Tekmira.
View More : http://www.marketwire.com/mw/release.do?id=1528047&sourceType=3
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