ZoomMed announces C$5 million private placement of units

By Laura Lutz

Des Moines, March 21 - ZoomMed Inc. intends to conduct a private placement of units for up to C$5 million.

The company plans to sell units of one share and one half-share warrant.

The company said in a news release that pricing of the units will be determined in the context of the market.

Loewen, Ondaatje, McCutcheon Ltd. will act as lead agent.

Proceeds will be used for corporate development and marketing in Ontario and for working capital.

Brossard, Quebec-based ZoomMed sells prescription management products and laboratory equipment.

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