Published on 7/2/2008 in the Prospect News PIPE Daily.
New Issue: Neovasc completes C$8.3 million private placement of shares
By Devika Patel
Knoxville, Tenn., July 2 - Neovasc Inc. said it took in C$8.3 million in a private placement of stock.
The company sold about 3 million common shares and warrants to several new investors, including The Frost Group, led by Phillip Frost, and Peregrine Ventures. A number of existing investors, including Gagnon Securities and Neovasc chairman Paul Geyer, also participated in the financing.
Neovasc, formerly Medical Ventures Corp., is a Richmond, B.C.-based medical device company.
| Issuer: | Neovasc Inc.
|
| Issue: | Common shares
|
| Amount: | C$8.3 million
|
| Shares: | 3 million (approximate)
|
| Warrants: | 3 million (approximate)
|
| Investors: | The Frost Group, led by Phillip Frost, Peregrine Ventures, Gagnon Securities, Paul Geyer
|
| Settlement date: | July 2
|
| Stock symbol: | TSX Ventures: MEV
|
| Stock price: | C$2.30 at close July 1
|
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