Medibio (ASX:MEB) has announced that two of its non-executive directors have each agreed to give a bridging loan of $100,000 to the company.

Medibio will seek shareholders' approval for a share purchase plan at an extraordinary general meeting on 23 May.

The plan aims to raise up tp $2.75M, and the two directors have also partially underwritten it up to $350,000.

Following the announcement, shares of Medibio (ASX:MEB) were unchanged at $0.001.