Published on 6/14/2005 in the Prospect News Biotech Daily and Prospect News PIPE Daily.
New Issue: Medicsight completes $1 million private placement of stock
By Sheri Kasprzak
Atlanta, June 14 - Medicsight Inc. said it has closed a private placement of stock for $1 million.
The company sold 250,000 shares at $4.00 each.
Based in London, Medicsight develops medical imaging software. The proceeds will be used to fund ongoing operations and the acquisition of property and equipment at its subsidiary, Medicsight plc.
Issuer: | Medicsight Inc.
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Issue: | Stock
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Amount: | $1 million
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Shares: | 250,000
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Price: | $4.00
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Warrants: | No
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Settlement date: | June 10
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Stock price: | $5.00 at close June 10
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