By Devika Patel
Knoxville, Tenn., June 25 - Medicure Inc. said it has arranged a C$3 million non-brokered private placement of shares.
The company will sell common shares at $0.05 each.
Proceeds will be used to improve the company's financial position.
Medicure is a biopharmaceutical company based in Winnipeg, Man.
| Issuer: | Medicure Inc.
|
| Issue: | Common shares
|
| Amount: | $3 million
|
| Price: | $0.05
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | June 25
|
| Stock symbol: | Toronto: MPH
|
| Stock price: | C$0.03 at close June 25
|
| Market capitalization: | C$3.26 million
|
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