By Devika Patel
Knoxville, Tenn., Oct. 28 - Pulse Health Ltd. said it plans a A$4 million private placement of shares.
The company will sell shares at A$0.06 per share.
The company also is considering an underwritten share purchase plan for up to A$1 million.
Proceeds will provide further capital for investment into its hospitals, additional working capital and a reduction of debt.
Based in Mascot, Australia, Pulse Health acquires and operates private hospitals and related health care focused organizations.
| Issuer: | Pulse Health Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$4 million
|
| Price: | A$0.06
|
| Warrants: | No
|
| Pricing date: | Oct. 28
|
| Stock symbol: | Australia: PHG
|
| Stock price: | A$0.092 at close Oct. 19
|
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