Track topics on Twitter Track topics that are important to you
VANCOUVER, BC--(Marketwired - July 22, 2015) - LED Medical Diagnostics Inc. (“LED” or the “Company”) (TSX VENTURE: LMD) (OTCQX: LEDIF) (FRANKFURT: LME) announced today that it has completed a financing of CDN$1,100,000 through the issuance of 10% senior secured debentures of the Company each in the amount of CDN$10,000 (the "Debentures") and maturing after 12 months. The Debentures were issued as part of a non-brokered private placement of units (each a "Unit") with each Unit consisting of: (i) a Debenture; and (ii) 5,950 common share purchase warrants of the Company (each a "Warrant"). The subscription price for each Unit was CDN$10,000.
The Company granted the Warrants as a loan bonus in accordance with Exchange Policy 5.1 of the TSX Venture Exchange (the "TSX-V") and each such Warrant entitles the holder thereof to acquire one common share in the capital of the Company for USD$0.28 for a period of 12 months.
The proceeds will be used by LED for general corporate purposes.
All securities issued in connection with the transaction are subject to a hold period expiring four months after the Closing Date.
The private placement has received final approval of the TSX-Venture Exchange.
About LED Medical Diagnostics Inc.
Founded in 2003 and headquartered in Vancouver, British Columbia, Canada, LED Medical Diagnostics Inc., through its wholly-owned subsidiaries LED Dental Inc. and LED Dental Ltd, provide dentists and oral health specialists with advanced diagnostic imaging products and software, in addition to the award-winning VELscope® Vx tissue fluorescence visualization technology. Backed by an experienced leadership team and dedicated to a higher level of service and support, LED Dental is committed to providing dental practitioners with the best technology available by identifying and adding leading products to its growing portfolio.
The Company is currently listed on the TSX-V under the symbol “LMD”, the OTCQX under the symbol “LEDIF”, as well as the Frankfurt Stock Exchange under the symbol “LME”. For more information, call 884.952.7327 or visit www.leddental.com/investor-relations.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.MZ Group Mike Cole Phone: 949.444.1341 Email: LED DentalChris KochPhone: 678.293.9413Email: LED MedicalDavid GaneCEOPhone: 604-434-4614 x227Email: NEXT ARTICLE
Dentistry is the study, management and treatment of diseases and conditions affecting the mouth, jaw, teeth and their supporting tissues (Oxford Medical Dictionary) The work of a dentist ranges from regular patient check-up to orthodontics and surgery....