YM BioSciences Inc. (YMI,YM.TO: Quote) announced the pricing of 35 million common shares at US$2.00 per common share in its previously announced underwritten public offering.
BofA Merrill Lynch is acting as sole book-running manager for the Offering and Wells Fargo Securities, LLC is acting as lead manager. JMP Securities LLC, Collin Stewart LLC, Rodman & Renshaw, LLC and Roth Capital Partners, LLC are acting as co-managers for the Offering.
In addition, the company granted to the underwriters a 30-day option to purchase an additional 5.25 million common shares. The offering is expected to close on or about February 29, 2012, subject to customary closing conditions.
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by RTT Staff Writer
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