GLG Life Tech Corporation announces closing of $58.2M deal

GLG Life Tech Corporation announces closing of $58.2M deal

GLG Life Tech Corporation (the “Company”) announces the closing of its previously announced public offering (the “Offering”) of 5,290,000 units on a bought deal basis, at a price of $11.00 per Unit for total gross proceeds of $58,190,000.

GLG Life Tech Corporation (the “Company”) announces the closing of its previously announced public offering (the “Offering”) of 5,290,000 units (“Units”) (inclusive of 690,000 Units issued pursuant to the exercise in full of the over-allotment option), on a bought deal basis, at a price of $11.00 per Unit for total gross proceeds of $58,190,000. The Offering was conducted through a syndicate of underwriters.

The Company plans to use the net proceeds from the offering to advance its ANOCTM joint venture, including marketing and administration, for working capital and other general corporate purposes.

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