Published on 1/11/2010 in the Prospect News PIPE Daily.
New Issue: OccuLogix wraps $1.74 million tranche of $3 million placement of shares
By Devika Patel
Knoxville, Tenn., Jan. 11 - OccuLogix, Inc. settled a $1.74 million tranche of a $3 million private placement of stock on Jan. 8, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 1,886,291 common shares at $0.92456 apiece. It may sell an additional 1,358,475 shares.
Proceeds will be used for working capital and general corporate purposes.
Boston-based OccuLogix develops ophthalmic devices to treat age-related eye diseases.
Issuer: | OccuLogix, Inc.
|
Issue: | Common stock
|
Amount: | $3 million
|
Shares: | 3,244,766
|
Price: | $0.92456
|
Warrants: | No
|
Settlement date: | Jan. 8 (for $1,743,989)
|
Stock symbol: | Nasdaq: TEAR
|
Stock price: | $1.14 at close Jan. 8
|
Market capitalization: | $11.5 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.