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Selvita S.A Bobrzy skiego 14 30-348 Krakow, Poland http://www.selvita.com
Contact Ms Paulina Wolanin +48 668 111 456
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Selvita S.A

Selvita Completes $ 5.5 Million Private Placement

Shares to be listed in June 2011

(PresseBox) (Krakow, )
The largest Polish drug discovery company Selvita announced today it has entered into definitive agreements with investors in Poland to sell in a private placement 2,7 million shares of its stock at a price of PLN 5.5 per share, resulting in gross proceeds to the company of PLN 14,85 million ($ 5.5 million). The capitalization of the company after the issue will be around $ 21 million. Selvita expects its stock to be listed on the Warsaw Stock Exchange NewConnect market in June 2011, subject to regulatory approvals.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.