By Devika Patel
Knoxville, Tenn., May 17 - VentriPoint Diagnostics Ltd. said it has arranged a C$1.5 million private placement of stock.
The company will sell 12.5 million common shares at C$0.12 per share.
Proceeds will be used for product and service commercialization and working capital purposes.
Based in Calgary, Alta., VentriPoint is a clinical diagnostic company.
| Issuer: | VentriPoint Diagnostics Ltd.
|
| Issue: | Common shares
|
| Amount: | C$1.5 million
|
| Shares: | 12.5 million
|
| Price: | C$0.12
|
| Warrants: | No
|
| Pricing date: | May 17
|
| Stock symbol: | TSX Venture: VPT
|
| Stock price: | C$0.12 at close May 17
|
| Market capitalization: | C$4.37 million
|
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