By Devika Patel
Knoxville, Tenn., March 12 - VentriPoint Diagnostics Ltd. said it raised C$420,085 in the first tranche of a C$2 million private placement of stock. The deal priced Feb. 1.
The company is selling 20 million common shares at C$0.10 per share. It sold 4,200,853 shares in this tranche.
Proceeds will be used for product and service commercialization of the VentriPoint Medical System, for expansion of applications to include additional diagnoses and heart diseases and for general working capital.
Based in Calgary, Alta., VentriPoint is a clinical diagnostic company.
| Issuer: | VentriPoint Diagnostics Ltd.
|
| Issue: | Common shares
|
| Amount: | C$2 million
|
| Shares: | 20 million
|
| Price: | C$0.10
|
| Warrants: | No
|
| Pricing date: | Feb. 1
|
| Settlement date: | March 12 (for C$420,085)
|
| Stock symbol: | TSX Venture: VPT
|
| Stock price: | C$0.115 at close Jan. 29
|
| Market capitalization: | C$5.46 million
|
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