By Laura Lutz
Washington, Nov. 30 - Eastland Medical Systems Ltd. agreed to conduct a private placement for up to A$2 million.
The company intends to sell 20 million shares at A$0.10 each.
ACON Actienbank will act as agent for the deal.
Proceeds will be used for the company's strategic growth plan.
The company has already settled a first tranche of 5 million shares.
Eastland is a medical device company based in West Perth, Australia.
| Issuer: | Eastland Medical Systems Ltd.
|
| Issue: | Shares
|
| Amount: | A$2 million
|
| Shares: | 20 million
|
| Price: | A$0.10
|
| Warrants: | No
|
| Agent: | ACON Actienbank
|
| Pricing date: | Nov. 30
|
| Settlement date: | Nov. 30 (for 5 million shares)
|
| Stock symbol: | Australia: EMS
|
| Stock price: | A$0.105 at close Nov. 30
|
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