By Devika Patel
Knoxville, Tenn., Nov. 30 - Pulse Health Ltd. said it raised A$3.5 million in a private placement of shares. The deal priced for A$4 million on Oct. 28.
The company sold shares at A$0.06 per share.
Proceeds will provide further capital for investment into the company's 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$3.5 million
|
| Price: | A$0.06
|
| Warrants: | No
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 27
|
| Stock symbol: | Australia: PHG
|
| Stock price: | A$0.092 at close Oct. 19
|
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