Non-brokered deal sells 5,459,000 common shares at C$0.22 per share
By Devika Patel
Knoxville, Tenn., Oct. 15 – Aurora Spine Corp. said it completed a C$1.2 million non-brokered private placement of stock.
The company sold 5,459,000 common shares at C$0.22 apiece. The price per share is an 8.33% discount to the Oct. 14 closing share price of C$0.24.
Chairman David Rosenkrantz invested C$253,000 by buying 1.15 million shares.
Proceeds will be used for general working capital purposes.
The spinal implant technology company is based in Carlsbad, Calif.
| Issuer: | Aurora Spine Corp.
|
| Issue: | Common stock
|
| Amount: | C$1,200,980
|
| Shares: | 5,459,000
|
| Price: | C$0.22
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | David Rosenkrantz (for C$253,000)
|
| Settlement date: | Oct. 15
|
| Stock symbol: | TSX Venture: ASG
|
| Stock price: | C$0.24 at close Oct. 14
|
| Market capitalization: | C$6.19 million
|
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