By Sheri Kasprzak
New York, Feb. 2 - Medsurge Medical Products Corp. has completed its previously announced private placement with a partly exercised greenshoe for C$11.35 million.
The company issued 4.54 million shares at C$2.50 each, including 540,000 shares that were issued as part of a partially exercised greenshoe.
Canaccord Capital Corp. was the placement agent for the deal.
The deal was priced Dec. 15 as a C$10 million offering of 4 million shares. Canaccord had been granted a greenshoe for up to 600,000 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$11.35 million
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| Shares: | 4.54 million (includes greenshoe for 540,000 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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| Settlement date: | Feb. 2
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| Stock symbol: | TSX Venture: MSR
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| Stock price: | C$3.59 at close Dec. 15
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| Stock price: | C$4.72 at close Feb. 2
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