By Laura Lutz
Des Moines, Dec. 11 - Med-Tech Solutions Inc. closed a private placement of stock for $25.37 million.
The company sold 28,183,978 shares at $0.90 apiece.
International Capital Partners SA was the placement agent.
The private placement satisfied a fund-raising condition to Med-Tech's acquisition of the Four Rivers BioEnergy Co. Inc.
Following the acquisition, Med-Tech plans to operate as a ethanol and bio-energy company. Its headquarters are in Vancouver, B.C.
| Issuer: | Med-Tech Solutions Inc.
|
| Issue: | Common stock
|
| Amount: | $25,365,580
|
| Shares: | 28,183,978
|
| Price: | $0.90
|
| Warrants: | No
|
| Agent: | International Capital Partners SA
|
| Settlement date: | Dec. 4
|
| Stock symbol: | OTCBB: MDTU
|
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