Computer-aided detection (CAD) firm Medipattern has closed a private placement deal.
The agreement is for 2.5 million common shares and yields gross proceeds of $500,000 Canadian ($453,000 U.S.) for the company. The proceeds will be used for general working capital purposes, including further development of its Vascular iQ initiative and its B-CAD-For-Life program, Toronto-based Medipattern said.
Related Reading
Medipattern nets New York deal, June 24, 2009
Medipattern to complete private placement, June 11, 2009
Revenue down in Medipattern's Q3, May 27, 2009
Medipattern ships B-CADs to China, May 22, 2009
Medipattern inks New York deal, May 8, 2009
Copyright © 2009 AuntMinnie.com
