MRI Interventions nets $6M in financing

MRI Interventions has completed a round of private equity financing, receiving gross proceeds of $6 million from the sale of approximately 5.45 million units of stock and warrants at $1.10 each.

One unit includes one share of MRI Interventions' common stock and one warrant to purchase half a share of MRI Interventions' common stock, the firm said. The warrants will be exercisable for a five-year period at a price of $1.45 per share.

Proceeds from the private placement will be used for general corporate purposes and for working capital.