By Sheri Kasprzak
New York, March 12 - OmniComm Systems, Inc. wrapped a private placement for $2.5 million.
The company issued 5 million shares.
Noesis Capital Corp. was the placement agent for the offering.
In other news, OmniComm announced that its president, Cornelis F. Wit, and a director, Guus van Kesteren, converted $921,009 in promissory notes into 1,842,018 common shares.
Proceeds will be used for working capital.
Based in Fort Lauderdale, Fla., OmniComm provides web-based solutions for the pharmaceutical, biotechnology, research and medical device sectors.
| Issuer: | OmniComm Systems, Inc.
|
| Issue: | Stock
|
| Amount: | $2.5 million
|
| Shares: | 5 million
|
| Price: | $0.50
|
| Warrants: | No
|
| Placement agent: | Noesis Capital Corp.
|
| Settlement date: | March 12
|
| Stock symbol: | OTCBB: OMCM
|
| Stock price: | $0.61 at close March 12
|
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