Skip to content
Finance Investment, Medical Health Aged Care

BIOXYNE LIMITED (ASX:BXN) RECEIVES FIRM COMMITMENTS TO RAISE $1.45 MILLION

Bioxyne Limited (ASX:BXN) < 1 mins read

Australian life sciences, pharmaceutical and consumer health products Company, Bioxyne Limited (ASX Code: BXN) (“Bioxyne” or the “Company”) is pleased to advise that it has received firm commitments to raise $1.45 million.

The funds will be used to fund further growth in the business following the award of a Good Manufacturing Practice (“GMP”) license to manufacture medical cannabis and the recent grant to Breathe Life Sciences (BLS) of an upgraded and amended wholesale licence for MDMA and Psilocybin (schedule 8) finished products by the Therapeutic Goods Administration.

The Company will issue 145,000,000 new Shares at $0.01 per share under the Company’s Listing Rule 7.1A capacity. The price is an 11% premium to the last traded price and a 3% premium to the 15 day Volume Weighted Average Price.

Sam Watson, Bioxyne CEO commented, “we are delighted with the support of existing and new shareholders for this capital raise. In a short period following the grant of our manufacturing licence we have added approximately $8m in new business to the sales pipeline.

The upgraded licence for BLS is another significant milestone in the company’s mission to develop and promote access to psychedelic medicines in Australia and abroad, and the additional working capital will accelerate our growth in this endeavour.” 


About us:

Bioxyne Limited (ASX:BXN) is an Australian-headquartered international consumer health and pharmaceutical company (incorporated in 2000) with a focus on clinically effective health and wellness products, psychotropic and investigational medicines.


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

Media

More from this category

  • Medical Health Aged Care
  • 03/11/2024
  • 15:52
Australian Nursing and Midwifery Federation (ANMF)

Fee-free TAFE to help fix skills shortages in nursing and aged care

The country’s largest union, the Australian Nursing and Midwifery Federation (ANMF), has welcomed the Albanese Government’s commitment to expanding fee-free TAFE courses. ANMF Federal Secretary Annie Butler said enduring funding for free TAFE study would help address skills shortages in the nursing and aged care workforces and save students thousands of dollars a year in TAFE course fees. “TAFE courses have proven to be a success in providing students with ‘hands-on’ training and placements in relevant healthcare settings, helping build the nation’s nursing and aged care workforce, to meet the needs of our growing, ageing population,” Ms Butler said. “We’ve…

  • Finance Investment
  • 01/11/2024
  • 21:25
Bitget Limited

Bitget’s Survey Reveals Some Users Prefer Influencer Videos Over Whitepapers to Make Trading Choices

VICTORIA, Seychelles, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has launched a campaign to celebrate Bitcoin's 16th Whitepaper Day, with a scintillating theme “Who’s Still Reading Whitepapers?”. This initiative seeks to ignite conversations within the crypto community about the current role of whitepapers in blockchain projects and investment decisions. The event is campaigned around the release of Satoshi Nakamoto’s foundational document and offers an opportunity to reconsider how whitepapers are perceived and whether they remain as influential as they once were in guiding investment strategies and project evaluations.Survey data gathered by Bitget provides…

  • Finance Investment
  • 01/11/2024
  • 16:59
Hilliant Research And Technology Private Limited

Investing in Managed Portfolios: A Smarter Choice Over Prop Firms for Steady Returns

For Immediate Release. Tortola, British Virgin Islands – November 1, 2024 FOR IMMEDIATE RELEASE [Tortola, BVI] – Fxtriangle, a leading name in Forex portfolio management, is thrilled to announce the launch of its exclusive Forex Managed Accounts service. This initiative empowers individual and institutional investors by providing them with expertly managed Forex accounts. With the market’s high volatility and the need for precision, Fxtriangle’s managed accounts offer a safer, more reliable pathway to achieving sustainable returns in the foreign exchange market. Navigating Forex Market Complexity with Professional Guidance The Forex market, with over $6 trillion in daily trading volume, presents…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.