YM BioSciences to raise $17.5 million

YM BioSciences Inc. (TSX:YM; NYSE-A:YMI) plans to raise $17.5 million through the sale of 14.6 million units at $1.20 in a registered direct offering to undisclosed investors. Each unit comprises a share and a five-year warrant to purchase 0.5 shares, with each whole share warrant exercisable at $1.60. Roth Capital Partners; Bloom Burton; Griffin Securities; and Haywood Securities are placement agents. ...