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Ergoresearch Ltd Announces Closing Of $6.36 Million Private Placement Equity Offering

Thursday, 25 Apr 2013 07:25am EDT 

Ergoresearch Ltd announced that it has closed a private placement (the Private Placement) of 10,258,065 common shares at a price of $0.62 per common share for gross proceeds of $6.36 million. Following closing of the Private Placement, 69,889,340 common shares are issued and outstanding. The securities issued under the Private Placement are subject to a four-month hold period ending on August 25, 2013. The proceeds of the Private Placement will be used for working capital purposes or if management think it is appropriate, to finance the transaction with Victhom Human Bionics Inc. announced earlier. Fasken Martineau DuMoulin LLP is acting as legal counsel to the Corporation 

Company Quote

-0.06 -7.59%
2 Oct 2014