By Sheri Kasprzak
New York, March 28 - Vigil Health Solutions Inc. has upsized to C$1.65 million its previously announced C$1.5 million private placement.
The non-brokered offering now includes up to 27.5 million shares at C$0.06 each.
The deal is expected to close March 31.
The offering priced March 14 as a C$1.5 million deal comprised of 25 million shares.
Proceeds will be used for the expansion of the company's sales team, for general corporate purposes and for working capital.
Based in Victoria, B.C., Vigil provides a software and hardware platform for health care providers focused on the elderly.
| Issuer: | Vigil Health Solutions Inc.
|
| Issue: | Stock
|
| Amount: | C$1.65 million (maximum)
|
| Shares: | 27.5 million (maximum)
|
| Price: | C$0.06
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | March 14
|
| Upsized: | March 28
|
| Settlement date: | March 31
|
| Stock symbol: | TSX Venture: VGL
|
| Stock price: | C$0.07 at close March 14
|
| Stock price: | C$0.08 at close March 28
|
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