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LED Medical Diagnostics Inc Raises $1,162,500 On Planned Minimum Raise Of $1 Million


Friday, 21 Dec 2012 01:34pm EST 

LED Medical Diagnostics Inc announced that subject to TSX Venture Exchange approval of a non-brokered expedited private placement of Common Shares at an issue price of $0.25 per share for planned gross proceeds of a minimum of $1 million it is has now raised $1,162,500 million. LED has, subject to TSX Venture Exchange Approval, completed the second tranche of the private placement of 1,300,000 Common Shares at an issue price of $0.25 for gross proceeds of $325,000. In combination with the first tranche of the private placement of 3,350,000 Common Shares for gross proceeds of $837,500 which closed; the Company has raised $1,162,500 total dollars for an issuance of 4,650,000 Common Shares all at $0.25 per share with no warrants attached. The proceeds will be used by LED to support product development, to purchase inventory and for working capital purposes. 

Company Quote

0.41
-0.01 -2.38%
21 Jul 2014