By Sheri Kasprzak
New York, Dec. 15 - MedSurge Medical Products Corp. said it has arranged a private placement for up to C$10 million.
The company plans to sell, through agent Canaccord Capital Corp., 4 million shares at C$2.50 apiece.
Canaccord also has an over-allotment option for up to 600,000 additional shares.
Proceeds will be used for working capital.
Based in Vancouver, B.C., MedSurge is a medical device company.
| Issuer: | MedSurge Medical Products Corp.
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| Issue: | Stock
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| Amount: | C$10 million
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| Shares: | 4 million
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| Greenshoe: | For up to 600,000 shares
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| Price: | C$2.50
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| Warrants: | No
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| Placement agent: | Canaccord Capital Corp.
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| Pricing date: | Dec. 15
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| Stock price: | C$3.59 at close Dec. 15
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