iSonea takes in $4.04 million through its renounceable rights issue

Company also raises another $1.05 million through investor Mathieson

By Devika Patel

Knoxville, Tenn., Nov. 29 - iSonea Ltd. said it completed a $4.04 million renounceable rights issue that was fully underwritten by Patersons Securities Ltd.

Coupled with a recent $1.05 million investment from Australian investor Bruce Mathieson, iSonea has raised more than $5 million in new capital since August, which will allow the company to focus on delivering AirSonea as a commercial-stage medical device in the second half of 2013.

Based in Severna Park, Md., iSonea is a medical technology company.

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