Date: August 25, 2015
Israel Securities Authority Tel Aviv Stock Exchange Ltd.
Re: Immediate Report Concerning the Extension of the Term of the Non-Binding Letter of Intend For a Private Placement Agreement
Further to the Company’s immediate report dated June 28, 2015, regarding the Company’s signature of a non-binding Letter of Intend with a Chinese investor (hereinafter: the "Investor”), whereby the Investor will invest in the Company total of USD 2 million by way of a private placement of shares of the Company (hereinafter: the “LOI”), the Company is pleased to announce the following:
On August 24, 2015, the Company and Investor signed an addendum to the LOI whereby the period of the formation of the binding agreement between the parties will be extended by 60 additional days, i.e. until October 26, 2015.
It is clarified that there is no certainty that a binding agreement will be signed and/or the transaction thereunder will be completed. The Company shall provide a detailed immediate report regarding the signing of a binding agreement, if it is signed.
For additional details regarding the terms of the LOI, see the Company’s immediate report dated June 28, 2015 (reference no.: 2015-01-057411). Information as stated will be presented by way of reference.
HBL - Hadasit Bio-Holdings Ltd.
By: Ms. Tamar Kfir, CEO