New Issue: Medicsight raises $1.77 million from private placement of shares

By Sheri Kasprzak

New York, Aug. 15 - Medicsight, Inc. has closed a private placement of stock for $1,777,008.

The company sold 444,252 shares at $4.00 each.

The proceeds will be used for ongoing operations and to acquire the property and equipment of its majority-owned subsidiary Medicsight plc.

Based in London, Medicsight is a medical imaging software company.

Issuer:	Medicsight, Inc.
Issue:	Stock
Amount:	$1,777,008
Shares:	444,252
Price:	$4.00
Warrants:	No
Settlement date:	Aug. 12
Stock price:	$5.00 at close Aug. 12

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