NAS completes $15.5 million in financing

AuntMinnie.com staff writers
Jan 21, 2008

Radiation therapy products firm North American Scientific (NAS) on January 18 closed on its private placement of common stock and the issuance of warrants for the purchase of common stock.

The Chatsworth, CA, company received gross proceeds of $15.5 million from the financing, which will be used for continued development of its ClearPath breast brachytherapy device, as well as for working capital purposes.

Related Reading

Nasdaq approves NAS' plan for continued listing, December 13, 2007

NAS takes $1 million loan, December 12, 2007

Nasdaq denies NAS listing request, October 17, 2007

NAS receives Nasdaq notice, October 9, 2007

NAS gets loan extension, October 5, 2007

Copyright © 2008 AuntMinnie.com

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