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Public offering nets $Cdn9.5mm for Titan Medical

15:40 EDT 22 Sep 2016 | Elsevier Business Intelligence

Titan Medical Inc. netted $Cdn9.5mm ($7.2mm) through a public sale of 17.1mm common shares at $Cdn0.60. Investors also received five-year warrants to buy 17.1mm shares at $Cdn0.75. Bloom Burton and Echelon Wealth Partners were the placement agents. Proceeds will support continued development of components associated with Titan's SPORT robotic surgical system.

Original Article: Public offering nets $Cdn9.5mm for Titan Medical

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