Aurora Spine plans to price C$5 million private placement of stock

Deal funds manufacturing, sales and marketing, general working capital

By Devika Patel

Knoxville, Tenn., Dec. 19 - Aurora Spine Corp. said it will conduct a private placement of stock to raise at least C$5 million. Clarus Securities Inc. is the lead agent.

The company will sell common shares that will be priced in the context of the market.

Settlement is expected in January.

Proceeds will be used for manufacturing, sales and marketing and general working capital purposes.

The spinal implant technology company is based in Carlsbad, Calif.

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