By Sheri Kasprzak
New York, March 21 - Medicsight, Inc. said it concluded a $1.1 million private placement.
The company issued 275,000 shares at $4.00 each to a group of institutional investors.
Proceeds from the deal will be used for ongoing operations, as well as property and equipment acquisitions for its subsidiary, Medicsight plc.
Based in London, Medicsight develops computer-aided detection software used by the medical imaging market to aid in the detection of disease.
| Issuer: | Medicsight, Inc.
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| Issue: | Stock
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| Amount: | $1.1 million
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| Shares: | 275,000
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| Price: | $4.00
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| Warrants: | No
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| Settlement date: | March 16
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| Stock symbol: | AMEX: MGT
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| Stock price: | $4.80 at close March 16
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