By Devika Patel
Knoxville, Tenn., June 11 - Medipattern Corp. said it will conduct a C$1.7 million non-brokered private placement of stock.
The company will sell 8.5 million common shares at C$0.20 apiece.
Proceeds will be used for general working capital purposes.
Toronto-based Medipattern develops medical imaging software.
| Issuer: | Medipattern Corp.
|
| Issue: | Common stock
|
| Amount: | C$1.7 million
|
| Shares: | 8.5 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | June 11
|
| Stock symbol: | TSX Venture: MKI
|
| Stock price: | C$0.20 at close June 10
|
| Market capitalization: | C$9.6 million
|
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