Guardian completes financing

AuntMinnie.com staff writers
Apr 8, 2008

Radiology informatics firm Guardian Technologies International of Herndon, VA, has entered into definitive agreements with nine investors for $7 million in financing.

The company will sell approximately 10 million shares of its common stock at a purchase price of 70¢ per share. One closing worth $5.15 million occurred on April 4; the second closing is expected to occur on or about May 30.

Guardian expects to use the proceeds to advance its international business development and healthcare research and development activities, as well as to fund general corporate operations.

Related Reading

Guardian joins forces with Aurum Institute, November 6, 2007

Guardian to acquire Zinon software, September 17, 2007

Guardian extends USC collaboration, July 31, 2007

Guardian forms new subsidiary, July 18, 2007

Guardian touts CAD clinical results, July 16, 2007

Copyright © 2008 AuntMinnie.com

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