Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)

OncoSil Medical Strengthens Fight Against Pancreatic Cancer with Successful $5.3 Million Capital Raise

OncoSil Medical Ltd. (ASX: OSL), a leading biotechnology company focused on developing treatments for pancreatic cancer, has concluded a successful capital raising initiative. The company secured $5.3 million through its recent non-renounceable entitlement offer (Entitlement Offer), which closed in April 2024. This strong showing by existing shareholders indicates significant confidence in the company's mission and the potential of its groundbreaking brachytherapy treatment for pancreatic cancer.

This capital infusion is a significant step for OncoSil, adding to the $6.8 million raised through a combined placement and entitlement offer announced in March 2024. The funds will be instrumental in propelling the company's mission to develop innovative therapies for pancreatic cancer, a notoriously aggressive and difficult-to-treat disease.

An entitlement offer provides existing shareholders with the opportunity to purchase additional shares in the company at a discounted price. In this case, OncoSil offered shareholders the chance to buy one new share for every two shares they held on a specific date. This incentivizes continued investment from those who believe in OncoSil's potential to revolutionise pancreatic cancer treatment.

Enticing Offer and Strategic Benefits

The Entitlement Offer, priced attractively at $0.005 per new share, also included the issuance of both long-dated options (expiring in April 2027) and short-dated options (expiring in June 2025). This provides shareholders with multiple ways to benefit from OncoSil's future success.

The $5.3 million raised, combined with prior commitments and additional subscriptions, brings the total capital secured through the combined placement and entitlement offer to a substantial $6.8 million. This strong financial backing demonstrates the support of both existing shareholders and new investors, solidifying OncoSil's position for continued growth and leadership in the field of oncology brachytherapy.

Fueling Innovation in Brachytherapy for Pancreatic Cancer

The funds raised will be instrumental in propelling OncoSil's development of its innovative brachytherapy technology, specifically designed for treating pancreatic cancer. Brachytherapy is a targeted radiation therapy approach that delivers high doses of radiation directly to the tumour site, minimising damage to surrounding healthy tissues. This minimally invasive approach holds promise for improving outcomes for pancreatic cancer patients.

Multiple Avenues for Shareholder Rewards

A unique aspect of the Entitlement Offer was the issuance of long-dated and short-dated options alongside the new shares. These options provide shareholders with the chance to earn additional returns if OncoSil's share price increases in the coming years. The long-dated options offer the potential for long-term growth, while the short-dated options provide flexibility for those seeking near-term gains.

Transparency and Continued Growth

OncoSil remains dedicated to transparency and accountability for its shareholders. The company will issue a total of 654,426,949 new shares under the Entitlement Offer, along with 360,584,282 long-dated options and 721,168,448 short-dated options. This commitment to transparency fosters trust and aligns the interests of shareholders with the company's long-term success.

With a team of dedicated researchers, clinicians, and industry experts, OncoSil is positioned to capitalise on the rapidly evolving field of oncology. Their focus remains on developing transformative therapies utilising brachytherapy to deliver life-saving advancements in pancreatic cancer treatment. The commencement of trading for the new shares and options on the ASX, marks a significant milestone for OncoSil and its stakeholders.

Building a Sustainable Future in Oncology

OncoSil Medical Ltd.'s successful entitlement offer underscores its impressive growth trajectory and the strong confidence investors have in the company's future. With a robust financial position, groundbreaking brachytherapy technology, and a commitment to innovation, OncoSil is well-equipped to achieve its strategic goals. This success translates to long-term value for shareholders, improved treatment options for patients, and a significant contribution to the advancement of cancer care.


Author

  • James Turner

    James Turner is a skilled economist and fund manager with extensive experience in the investment sector. Known for his strategic thinking and analytical skills, James has played a key role in the success of many investment portfolios. In addition to his financial work, he writes about market trends and shares his insights through various publications.

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