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Opsens Inc completes $8.5 mln equity financing

Tuesday, 18 Feb 2014 10:52am EST 

Opsens Inc:Says it has completed its previously announced public offering for aggregate gross proceeds of $8,505,104.Says it issued a total of 4,666,800 units at a price of $0.75 per Unit and 6,164,300 common shares at a price of $0.73 per common share for gross proceeds of $8,000,039.Says in addition, Opsens also announces that the underwriters (hereinafter defined) exercised part of the over-allotment option to purchase an aggregate number of 673,420 Units at a price of $0.75 per Unit for gross proceeds of $505,065.Says the Offering was completed by a syndicate of underwriters led by RBC Capital Markets and including Paradigm Capital Inc.Says the company intends to use the net proceeds of the Offering to prepare the commercialization and marketing strategy of its Fractional Flow Reserve products, to fund research and product development and to fund its working capital. 

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3:51pm EST