By Laura Lutz
Des Moines, May 11 - Novadaq Technologies Inc. increased the size of its previously announced private placement of shares to C$30 million from C$15 million.
The company now plans to sell 4 million common shares at C$7.50 each.
The placement will be conducted through a syndicate led by RBC Dominion Securities Inc. and including Blackmont Capital Inc. and Versant Partners Inc.
The deal priced on May 4. Settlement is expected on May 23.
Proceeds will be used for product research and development, sales and marketing, recent acquisitions, and general corporate purposes.
Toronto-based Novadaq develops medical imaging systems and real-time image-guided therapies.
| Issuer: | Novadaq Technologies Inc.
|
| Issue: | Shares
|
| Amount: | C$30 million
|
| Shares: | 4 million
|
| Price: | C$7.50
|
| Warrants: | No
|
| Agents: | RBC Dominion Securities Inc. (lead), Blackmont Capital Inc., Versant Partners Inc.
|
| Pricing date: | May 4
|
| Upsized: | May 11
|
| Settlement date: | May 23
|
| Stock symbol: | Toronto: NDQ
|
| Stock price: | C$7.95 at close May 4
|
| Stock price: | C$8.34 at close May 11
|
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