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MEDITE Group and CytoCore Inc. announce closing of acquisition

Friday, 4 Apr 2014 07:30am EDT 

CytoCore Inc:Closes the acquisition of MEDITE Group.Also closed a private placement of common stock resulting in gross cash proceeds of $1.5 mln.Says under the terms of the agreement, the shareholders of MEDITE exchanged all of the issued and outstanding capital stock of MEDITE in exchange for CytoCore common stock representing about 76pct of CytoCore's issued and outstanding common stock. 

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