Noveko International plans C$20 million private placement of units

By Laura Lutz

Des Moines, April 25 - Noveko International Inc. arranged a C$20 million private placement of units.

The company plans to sell one share and one half-share warrant to accredited investors in Quebec, Ontario, Alberta and British Columbia. Each whole warrant will be exercisable for two years.

Pricing of the units and warrants was not announced.

Desjardins Securities Inc. will lead a syndicate of agents that also includes Blackmont Capital Inc.

Proceeds will be used for marketing, product development and general corporate purposes.

Montreal-based Noveko designs and markets ultrasound scanners.

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