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Zecotek Increases Non-Brokered Private Placement to $4.9 Million due to Strong Demand
Jan. 22, 2018 09:50AM PST
Medical Device InvestingZecotek Photonics (TSXV: ZMS), a developer of leading-edge photonics technologies for medical, industrial and scientific markets, today announced that due to strong demand the Company has increased the non-brokered private placement previously announced on December 29, 2017, to 16,333,333 units of the Company to be sold at a price of $0.30 per unit for gross proceeds …
Zecotek Photonics (TSXV: ZMS), a developer of leading-edge photonics technologies for medical, industrial and scientific markets, today announced that due to strong demand the Company has increased the non-brokered private placement previously announced on December 29, 2017, to 16,333,333 units of the Company to be sold at a price of $0.30 per unit for gross proceeds of $4,900,000.
As quoted in the press release:
Net proceeds from the funds raised will be used to complete the transfer of technology for the purpose of immediate commercialization, strengthen and maintain patents of the Company’s IP portfolio, and used for purchase order financings and general working capital purposes. Pursuant to the financing, the Company may pay a finder’s fee.
