By Sheri Kasprzak
New York, Oct. 6 - Medsurge Medical Products Corp. said it has completed a private placement for C$1.08 million.
The company sold 2.4 million units at C$0.45 each
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at C$0.55 each for two years.
Proceeds will be used for working capital.
Based in Vancouver, B.C., Medsurge is a medical device company.
| Issuer: | Medsurge Medical Products Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1.08 million
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| Units: | 2.4 million
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| Price: | C$0.45
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.55
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| Settlement date: | Oct. 5
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| Stock price: | C$1.39 at close Oct. 5
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