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LED Medical Diagnostics Inc Announces Completion of Non-Brokered Private Placement


Thursday, 24 Oct 2013 08:00am EDT 

LED Medical Diagnostics Inc announced that it has completed its previously announced non-brokered private placement of 15,000,000 units at an issue price of CAD0.35 per unit for gross proceeds of $5.25 million. Each unit is comprised of one common share and one common share purchase warrant with each warrant entitling the holder to acquire one common share at an exercise price of USD0.50 for a period of 24 months. All of the securities issued in connection with the private placement will be subject to a restricted period that expires four months after the issuance date. The private placement is subject to final approval of the TSX-Venture Exchange. 

Company Quote

0.38
0.0050 +1.33%
30 Sep 2014