RE: placing6 Apr 2018 21:25
Do not worry all completed, just waiting for the second payment as part of the distribution agreement to be finalised and receipt of another �16.5 million:
Advanced Oncotherapy (AIM: AVO), the developer of next-generation proton therapy systems for cancer treatment, announces that in relation to the announcement dated 7 December 2017 and following the passing of the resolution proposed for the vote of the Company' shareholders on 23 January 2018, the Company has been informed by Yantai Cipu that the Chinese authorities have authorised the transfer from China of the �13,500,000 payable by Yantai Cipu for the subscription for 45,000,000 new ordinary shares of �0.25 each to be issued by the Company to Yantai Cipu (the "Subscription") at �0.30 per share (the "Subscription Price").
As a consequence of the completion of the Subscription by Yantai Cipu, and as detailed in the circular dated 22 December 2017 (the "Circular"), the placing of 10,868,782 new ordinary shares with new and existing investors at the Subscription Price (the "Placing"), as well as the conversion of the loan made by Swedish Investors by way of issue of 13,697,697 new ordinary shares (the "Conversion"), have also been completed.