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Patient Home Monitoring Corp Announces Final Equity Financing


Monday, 26 Aug 2013 09:10am EDT 

Patient Home Monitoring Corp announced that it has finalized proposed financing. Accommodating over subscriptions and US investor participation, the Company has again increased total authorized placement from $2,540,000 to $2,740,000 and will close the entire financing by September 1, 2013. PHM has authorized a total placement of 20,269,269 common share units at a price of $0.135 per Unit for gross proceeds of $2,740,000. Each Unit consists of one common share in the capital of PHM and one-half of one common share purchase warrant of PHM. Each whole Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.22 per Common Share up to the date that is the one year anniversary of closing, and at a price of $0.28 per Common Share from the day after the one year anniversary of closing until the two year anniversary of closing. 

Company Quote

0.425
0.025 +6.25%
17 Oct 2014