Unilife Announces Multifaceted Financing Strategy

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Unilife Corporation
UNIS
today announced the implementation of a multifaceted financing strategy that provides the Company with flexibility and control to support its continued business growth. Unilife has signed an equity purchase agreement for up to $45 million with Lincoln Park Capital Fund, LLC ("LPC"), a Chicago-based institutional investor, which provides the Company with $5 million in initial net proceeds and the option to generate, at its sole control and discretion, up to $40 million in additional net proceeds over 24 months. Unilife has also implemented a $25 million At-the-Market facility with Cantor Fitzgerald that can be used at the Company's discretion. Mr. David Hastings, Chief Financial Officer of Unilife, said: "The combination of the Lincoln Park Capital and Cantor Fitzgerald facilities provide us with financing flexibility and control, as we retain complete discretion as to whether and when we draw down under
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