GeneNews Ltd. (GEN.TO) Tuesday completed rights offering to holders of its common shares of record at the close of business on May 1.
The company issued a total of 23.22 million shares under the rights offering at a price of $0.11 per share for gross proceeds of about $2.55 million.
The offering was fully subscribed with 11.58 million shares issued pursuant to the basic subscription privilege, 10.46 million shares issued pursuant to the additional subscription privilege and 1.19 million shares issued pursuant to the stand-by guarantee.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.