BioAmber announces listing of shares on Toronto Stock Exchange

MONTREAL, CANADA: BioAmber Inc (BIOA) said that its common shares will begin trading on the Toronto Stock Exchange (TSX) under the symbol “BIOA”. The Committee on Uniform Securities Identification Procedures (CUSIP) number will be 09072Q106, the same CUSIP as the common shares currently traded on the New York Stock Exchange (NYSE).

BioAmber's previously issued special warrant was automatically exercised, on 28 April 2017, for 2,224,199 common shares (underlying shares) following the issuance of a receipt for its final prospectus qualifying the underlying shares by the British Columbia Securities Commission.

The special warrant was issued in a private placement on 30 December 2016, at a price of $4.00 per underlying share issuable upon the exercise of the special warrant, resulting in gross proceeds to the company of $8,896,796. The proceeds were placed in escrow and were released to the company concurrently with the automatic exercise of the special warrant.

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