By Laura Lutz
Des Moines, Nov. 17 - IM Medical Ltd. completed a A$1.56 million private placement of shares.
The company sold 104 million shares to professional and sophisticated investor clients managed by Bell Potter Securities Ltd. at A$0.015 per share.
The company will use the proceeds to expand its core business.
Based in Melbourne, Australia, IM Medical provides products and services to treat cardiovascular disease.
| Issuer: | IM Medical Ltd.
|
| Issue: | Shares
|
| Amount: | A$1.56 million
|
| Shares: | 104 million
|
| Price: | A$0.015
|
| Warrants: | No
|
| Manager: | Bell Potter Securities Ltd.
|
| Settlement date: | Nov. 17
|
| Stock symbol: | Australia: IMI
|
| Stock price: | A$0.017 at close Nov. 17
|
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