New Issue: Advanced Medical raises A$1 million in private placement of stock

By Sheri Kasprzak

Atlanta, June 30 - Advanced Medical Institute Inc. said it has secured A$1 million from a private placement.

The company sold 6,122,450 shares at A$0.1633333 each to foreign investors, including Aura Trading Ltd., Glenealy International Ltd., Oriental Holdings Ltd., Wells Holdings Ltd., Adenium Financial Service Ltd., Heritage Jade Corp. and Hershey Key Montelibano.

The proceeds will be used for working capital and general corporate purposes.

Based in Las Vegas, Advanced Medical, which also has operations in Australia, produces sexual health products.

Issuer:	Advanced Medical Institute Inc.
Issue:	Stock
Amount:	A$1 million
Shares:	6,122,450
Price:	A$0.1633333
Warrants:	No
Investors:	Aura Trading Ltd., Glenealy International Ltd., Oriental Holdings Ltd., Wells Holdings Ltd., Adenium Financial Service Ltd., Heritage Jade Corp. and Hershey Key Montelibano
Settlement date:	June 30
Stock price:	$1.50 at close June 30

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