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BIOMIRA ANNOUNCES PUBLIC OFFERING OF 4,000,000 COMMON SHARES

 BIOMIRA ANNOUNCES PUBLIC OFFERING OF 4,000,000 COMMON SHARES
 EDMONTON, Alberta, Dec. 11 /PRNewswire/ -- Biomira has filed a final prospectus and received a receipt from the Ontario Securities Commission in connection with its public offering of 4,000,000 Common Shares and a registration statement with respect to such offering was declared effective by the United States Securities and Exchange Commission today. The offering is expected to close on Dec. 18, 1991. The shares are being offered in Canada by Canadian underwriters and in the United States through U.S. underwriters. The price per share in Canada is $12.50 (Cdn.) and in the United States is $11.00 (U.S.).
 A written prospectus may be obtained from the managing underwriters, ScotiaMcLeod Inc. in Canada (Toronto) and ScotiaMcLeod U.S.A. Inc. in the United States, One Liberty Place, 165 Broadway, N.Y., N.Y. 10006.
 Biomira Inc. (NASDAQ: BIOMF; Toronto, Montreal, Calgary: BRA) is a public biotechnology company focused on the research, development and commercialization of cancer diagnostic and therapeutic products. The firm, located in Edmonton Research Park, currently markets four in vitro diagnostic kits for gastrointestinal, ovarian and breast cancers under the TRUQUANT label. A number of its in vivo products are in various stages of clinical trials.
 -0- 12/11/91
 /CONTACT: James E. Devaney, VP, finance or T.A. (Alex) McPherson, M.D., Ph.D., president and CEO, 403-450-3761, of Biomira/
 (BRA. BIOMF) CO: Biomira Inc. ST: Alberta IN: MTC SU:


AL -- LA016 -- 1560 12/11/91 15:17 EST
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Publication:PR Newswire
Date:Dec 11, 1991
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