Merus Labs International, Dacha Strategic Metals deal

Dacha purchased 4.2 million Merus shares for C$7 million ($6.4 million). The sale is part of an agreement announced in June in which Dacha planned to purchase a minimum of C$11 million ($10.1 million) in Merus shares at C$1.70. On June 19, Dacha purchased C$5 million ($4.6 million) in Merus shares as part of the commitment (see BioCentury, June 16). Dacha now has about a 9% stake in Merus. ...