Beroni Group Issues US$2.97 million of Convertible Notes to Fund Growth Plans

NEW YORK and SYDNEY, Australia, May 27, 2020 (GLOBE NEWSWIRE) -- Beroni Group (OTCQX: BNIGF; NSX: BTG) (“Beroni” or the “Company”), an international diversified biopharmaceutical enterprise focused on the research, development, innovation and commercialization of therapies and products for treatment of global diseases, is pleased to announce that it has raised US$2.97 million via the issue of convertible notes to  professional and sophisticated investors in Japan with the following key terms:

  • Number of Convertible Notes – 29,722
  • Face value of each Convertible Note – US$100
  • Maturity Date – 15 May 2021 for 20,736 Convertible Notes and 19 May 2021 for 8,986 Convertible Notes
  • Interest Rate – Nil
  • Some or all of the Convertible Notes can be converted at the election of the Convertible Noteholder at any time prior to maturity
  • The number of Shares to be issued in respect of each Convertible Note will be calculated by dividing the Face Value of the Notes by the conversion price of US$1.728
  • Maximum number of Shares to be converted is 1,720,000
  • Beroni intends to utilize its placement capacity under the NSX Listing Rules to issue new Shares upon the conversion of the Convertible Notes

Funds raised from the Convertible Notes will be utilized for driving the growth of the international business and supporting the research and development programs of the Company.

Hibiki Financial Advisor Co. Ltd of Japan acted as the Lead Manager to the offer.

About Beroni Group Limited

Beroni Group is an international biopharmaceutical enterprise dedicated to the innovation and commercialization of drugs and therapies to combat various global diseases such as cancer and infectious diseases.  Its diversified portfolio is comprised of a US FDA approved virus diagnostic kit, an e-commerce platform for the sale of pharmaceutical products and a development pipeline targeting oncology and cell therapies.  Beroni has operations in Australia, United States, China and Japan.  To learn more about Beroni, please visit

Forward-Looking Statements Disclaimer

This press release contains forward-looking statements or forward-looking information, within the meaning of applicable United States and Australian securities laws with respect to the Company. By their nature, forward-looking statements are subject to a variety of factors that could cause actual results to differ materially from the results suggested by the forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as “anticipate”, “will”, “expect”, “may”, “continue”, “could”, “estimate”, “forecast”, “plan”, “intend”, “believe”, “potential” and similar expressions.

Forward-looking information contained in this press release is based on Company management’s opinions, estimates and assumptions in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that management currently believes are appropriate and reasonable in the circumstances. Forward-looking statements involve significant risks, uncertainties and assumptions, and there can be no assurance that such statements, or its underlying risks, uncertainties and assumptions will prove to be accurate.  Factors that could cause actual results or events to differ materially include, without limitation, risks related to laws, rules and regulation applicable to the Company as well as the industry in which it operates (including in respect of taxes and other levies), economic or market conditions on both a national and global level, currency fluctuations, risks inherent to other entities at a similar stage of development and industry in which the Company currently is, competition from the Company’s competitors, unsatisfactory development or marketing of the Company and/or its products or services, regulatory action or litigation (including product liability claims), and failure to enter into agreements or arrangements with other parties on fair or reasonable terms.  Forward-looking information is made only as of the date on which it is provided and, except as may be required by applicable laws, the Company disclaims any intent or obligation to update such forward-looking information whether as a result of new information, future events or otherwise.

For more information, please contact:

Investor Contact:
Vivian Chen
Impact IR
Phone: 917-449-4918

Media Contact:
Cathy Loos
Impact IR
Phone: 347-334-4135