RITA raises $12 million in private stock sale

AuntMinnie.com staff writers
Nov 28, 2004

Oncology device developer RITA Medical Systems announced agreements with institutional and accredited investors for a $12 million private sale of newly issued shares of common stock, and the concurrent issuance of warrants to purchase additional shares of stock.

Mountain View, CA-based RITA said net proceeds of approximately $11 million from the private placement are expected to fund working capital and general corporate purposes.

By AuntMinnie.com staff writers
November 29, 2004

Related Reading

RITA Q3 loss grows despite higher sales, November 4, 2004

RITA Q3 to be below expectations, October 28, 2004

CT-guided RF lung cancer ablation successful, October 13, 2004

RITA touts RF ablation research, September 29, 2004

RITA shuffles management, August 31, 2004

Copyright © 2004 AuntMinnie.com

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