By Devika Patel
Knoxville, Tenn., Jan. 31 - MedcomSoft Inc. announced it has arranged a C$1.34 million private placement of shares.
The company will sell 10,720,000 common shares at C$0.125 apiece.
Paradigm Capital Inc. is the agent.
Proceeds will be used for working capital and general corporate purposes.
MedcomSoft, based in Toronto, develops software used in the health care sector.
| Issuer: | MedcomSoft Inc.
|
| Issue: | Common shares
|
| Amount: | C$1.34 million
|
| Shares: | 10,720,000
|
| Price: | C$0.125
|
| Warrants: | No
|
| Agent: | Paradigm Capital Inc.
|
| Pricing date: | Jan. 31
|
| Stock symbol: | Toronto: MSF
|
| Stock price: | C$0.15 at close Jan. 30
|
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