Medipattern closes private placement

AuntMinnie.com staff writers
Sep 2, 2009

Computer-aided detection (CAD) firm Medipattern has closed a private placement deal.

The agreement is for 2.5 million common shares and yields gross proceeds of $500,000 Canadian ($453,000 U.S.) for the company. The proceeds will be used for general working capital purposes, including further development of its Vascular iQ initiative and its B-CAD-For-Life program, Toronto-based Medipattern said.

Related Reading

Medipattern nets New York deal, June 24, 2009

Medipattern to complete private placement, June 11, 2009

Revenue down in Medipattern's Q3, May 27, 2009

Medipattern ships B-CADs to China, May 22, 2009

Medipattern inks New York deal, May 8, 2009

Copyright © 2009 AuntMinnie.com

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