Eternity Healthcare needs equity, debt financings to fund operations

Company requires placements to meet cash requirements for next year

By Devika Patel

Knoxville, Tenn., Aug. 5 - Eternity Healthcare Inc. needs to conduct private placements of debt and equity to continue operations, according to a 10-K filed Friday with the Securities and Exchange Commission.

The company is raising funds to meet its cash requirements for the next year. It needs the financings in order to proceed with its plan of operations, including about $500,000 to pay for ongoing expenses over the next year. These expenses include legal, accounting and audit fees as well as general and administrative expenses.

It also needs additional financing to continue operations and to repay liabilities.

The medical device company is based in Vancouver, B.C.

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