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VentriPoint Diagnostics closes C$500,000 first tranche of financing

Last updated: 04:07 06 Sep 2018 AEST, First published: 23:07 05 Sep 2018 AEST

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The firm has now issued to one investor, over 2.38mln units at C$0.21 each, it said

Heart-imaging specialist VentriPoint Diagnostics Ltd (CVE:VPT) has closed the first tranche of its non-brokered private placing, raising C$500,000.

On August 15, the group said it was set for a C$1mln  placing to be used for sales and marketing, development and general working capital. The firm has now issued to one investor, over 2.38mln units at C$0.21 each. Each unit consists of one Ventripoint share, and one-half of a share warrant. Each whole warrant will entitle the bearer to buy one further share at US$0.34 each for two years after the issue.

Ventripoint said that the total size of the placing was up to C$1mln. The company intends to close the second tranche of the private placement in the near future.

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on 11/1/18