By Devika Patel
Knoxville, Tenn., April 27 - ZoomMed Inc. said it has arranged a non-brokered private placement of units to raise between C$2 million and C$2.7 million.
The company will sell units of one common share at C$0.20 per unit.
Settlement is expected May 6.
Proceeds will be used to develop new services and marketing activities in order to increase revenues and cash flows.
Brossard, Quebec-based ZoomMed sells prescription management products and laboratory equipment.
| Issuer: | ZoomMed Inc.
|
| Issue: | Units of one common share
|
| Amount: | C$2 million (minimum), C$2.7 million (maximum)
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | April 27
|
| Settlement date: | May 6
|
| Stock symbol: | TSX Venture: ZMD
|
| Stock price: | C$0.19 at close April 27
|
| Market capitalization: | C$18.7 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
