Published on 3/17/2005 in the Prospect News PIPE Daily.
New Issue: Medicsight raises $2.02 million in private placement of stock
By Sheri Kasprzak
Atlanta, March 17 - Medicsight Inc. said it has raised $2,016,000 in a private placement of stock.
The company sold 504,000 shares at $4 each.
Based in London, Medicsight develops medical imaging software. It plans to use the proceeds from the deal for ongoing operations and the acquisition of property and equipment.
| Issuer: | Medicsight Inc.
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| Issue: | Stock
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| Amount: | $2,016,000
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| Shares: | 504,000
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| Price: | $4.00
|
| Warrants: | No
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| Settlement date: | Feb. 18
|
| Stock price: | $5.00 at close Feb. 18
|
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