By Sheri Kasprzak
New York, July 18 - DenX Ltd. said it has obtained commitments for $1.8 million in a private placement.
The company sold 18 million shares at $0.10 each to sophisticated investors.
The offering is in addition to $4 million the company received on July 6 and $2 million received from the company's share purchase plan.
Based in Victoria, Australia, DenX is a dental implant technology company. It plans to use the proceeds for expansion in the United States.
| Issuer: | DenX Ltd.
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| Issue: | Stock
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| Amount: | $1.8 million
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| Shares: | 18 million
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| Price: | $0.10
|
| Warrants: | No
|
| Settlement date: | July 18
|
| Stock price: | $0.12 at close July 15
|
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