New Issue: Intraop to raise $3.01 million in private placement of shares

By Devika Patel

Knoxville, Tenn., Feb. 5 - Intraop Medical Corp. will raise up to $3.01 million in a private placement of stock, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

In the first closing, which settled Jan. 31, the company sold 33,832,463 shares at about $0.07 apiece for $2.37 million. It may sell up to 9,167,537 more shares at that price, for a total of 43 million shares.

Sunnyvale, Calif.-based Intraop specializes in the development, manufacturing, marketing and servicing of the Mobetron, a mobile electron beam system designed for intraoperative radiotherapy treatment of cancer, coronary vascular restenosis and other medical applications.

Issuer:	Intraop Medical Corp.
Issue:	Shares
Amount:	$3,010,000.29
Shares:	43 million
Price:	$0.07
Warrants:	No
Settlement date:	Jan. 31 (for $2,368,272.70)
Stock symbol:	OTCBB: IOPM
Stock price:	$0.14 at close Jan. 31

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