By Sheri Kasprzak
Atlanta, March 14 - Vigil Health Solutions Inc. said it will raise up to C$1.6 million in a non-brokered private placement of stock.
The offering includes up to 16 million shares at C$0.10 each.
The company will raise at least C$800,000 in the deal.
The deal is expected to close April 15.
Based in Victoria, B.C., Vigil provides wireless patient-care products. The proceeds will be used for working capital and general corporate purposes.
| Issuer: | Vigil Health Solutions Inc.
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| Issue: | Stock
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| Amount: | C$1.6 million (maximum)
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| Shares: | 16 million (maximum)
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| Price: | C$0.10
|
| Warrants: | No
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| Pricing date: | March 14
|
| Settlement date: | April 15
|
| Stock price: | C$0.12 at close March 14
|
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