By AuntMinnie.com 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 AuntMinnie.com
 

To read this and get access to all of the exclusive content on AuntMinnie.com create a free account or sign-in now.

Member Sign In:
MemberID or Email Address:  
Do you have a AuntMinnie.com password?
No, I want a free membership.
Yes, I have a password:  
Forgot your password?
Sign in using your social networking account:
Sign in using your social networking
account: