Bright Minds Biosciences (DRUG) Closes US$35 Million Non-Brokered Private Placement

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Bright Minds Biosciences Closes US$35 Million Non-Brokered Private Placement

November 4, 2024 2:41 PM EST

VANCOUVER, British Columbia, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Bright Minds Biosciences Inc. (CSE: DRUG) (NASDAQ: DRUG) (Bright Minds or the Company) announces that further to its news release of October 18, 2024, the Company has closed a non-brokered private placement of 1,612,902 common shares in the capital of the Company (Shares) at a price of USD$21.70 per Share for aggregate gross proceeds of USD$35,000,000 (the Offering).

The Company is pleased to announce that the Offering included participation from Cormorant Asset Management, RA Capital Management,... More