Stem Cell Therapeutics completes $33 million private placement

13 December 2013

On December 13, 2013, Stem Cell Therapeutics Corp. (TSXV: SSS) (OTCQX: SCTPF), an immuno-oncology company developing cancer stem cell-related therapeutics, announced that it had raised gross proceeds of $33 million through a private placement of units.

The financing was led by a prominent U.S. healthcare fund, with participation from several other premier U.S. healthcare institutional investors, including Special Situations Funds, Ridgeback Capital, Merlin Nexus, Sabby Capital, venBio, Opaleye Management and HSMR Advisors. Bloom Burton & Co. acted as lead agent for the private placement. ROTH Capital Partners, LLC acted as placement agent in the United States.

Gowlings advised the agents in this transaction with a team led by Vanessa Grant and that included Steven Cutler and Matthew Literovich (corporate/securities), Anita Nador (intellectual property) and Gloria Geddes (tax), assisted by student-at-law Raj Grewal.


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