FUNDRAISING12 Jul 2016 01:35
On 24 February 2016, AquaBounty announced that it had agreed to a convertible debt facility of US$10.0 million with Intrexon to fund the next stage of development. This debt facility, together with the US$1.3 million of cash on hand at the start of 2016, will provide the Company with su cient funds to advance its plans. Subject to the progress of these plans, it is LIKELY A LARGER FUNDRAISING will follow before the end of 2016.