By Laura Lutz
Des Moines, April 13 - ZoomMed Inc. set pricing in its previously announced C$5 million private placement of units.
The company plans to sell up to 16,666,666 units of one share and one half-share warrant at C$0.30 per unit. Each whole warrant will be exercisable at C$0.45 for two years.
Loewen, Ondaatje, McCutcheon Ltd. will act as lead agent.
Settlement is expected on April 23.
Proceeds will be used for corporate development and marketing in Ontario and for working capital.
Brossard, Quebec-based ZoomMed sells prescription management products and laboratory equipment.
| Issuer: | ZoomMed Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$5 million
|
| Units: | 16,666,666
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.45
|
| Agent: | Loewen, Ondaatje, McCutcheon Ltd. (lead)
|
| Announcement date: | March 21
|
| Pricing date: | April 13
|
| Settlement date: | April 23
|
| Stock symbol: | TSX Venture: ZMD
|
| Stock price: | C$0.40 at close April 13
|
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