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Biotech / Medical : Drug Royalty Corporation (DRI-TSE) -- Ignore unavailable to you. Want to Upgrade?


To: Peter Neidhardt who wrote (78)3/24/1999 11:23:00 PM
From: AL R  Read Replies (1) | Respond to of 96
 
Anybody know what gives?

March 99 - Issuing "Special Warrants" to raise $17.5 million in equity.

Statement from DRI in December:

'Ian Lennox stated that Drug Royalty is confident that it has the
financial capacity to complete additional royalty deals in 1999
without necessarily resorting to raising equity. "We remain
committed to delivering on our strategy of building value for our
shareholders from larger royalty transactions," added Lennox.'

Message 6883033

Why the change of heart in 3 months??

Al