Source - SMW
Cash shell Motif Bio said it had raised £0.65m via a share placing to an institutional investor.

New shares in the company were issued at 0.4p each.

Proceeds would be used to strengthen the company's balance sheet while to searches for a reverse takeover target and provide working capital.

At 9:04am: (LON:MTFB) Motif Bio Plc Ord 1p share price was -0.49p at 1p

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