MRI Interventions to raise $13M in private placement

By staff writers

May 26, 2017 -- MRI Interventions has reached an agreement to sell a private placement of stock to a group of investors that will result in proceeds to the company of $13.3 million.

The company will sell 6.625 million units, with each unit consisting of a share of the firm's common stock and a warrant to purchase another share. The investors will pay $2 per unit.

With the funding in place, the company said it will seek to move its stock listing from the OTCQB over-the-counter exchange to a major stock exchange.

Copyright © 2017

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