New Issue: Vicor Technologies completes $1.51 million sale of convertible notes

By Devika Patel

Knoxville, Tenn., July 21 - Vicor Technologies, Inc. announced it raised $1.51 million in a private placement of 8% convertible notes due 2011.

The company sold $740,000 of the notes on May 7.

Based in Boca Raton, Fla., Vicor is a biotechnology company.

Issuer:	Vicor Technologies, Inc.
Issue:	Convertible notes
Amount:	$2,245,000
Maturity:	2011
Coupon:	8%
Price:	Par
Yield:	8%
Pricing date:	May 7 (for $740,000), July 21 (for $1,505,000)
Stock symbol:	OTCBB: VCRT
Stock price:	$0.85 at close July 20
Market capitalization:	$30.3 million

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