Computer-aided detection (CAD) firm Medipattern has raised $200,000 Canadian ($194,500 U.S.) in gross proceeds through a private placement of its capital stock.
The Toronto-based firm sold 1 million common shares at 20¢ per share. Medipattern said the proceeds will be used for general working capital purposes, including continued development of its B-CAD-For-Life program.
Related Reading
Medipattern closes private placement, September 3, 2009
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
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