NuGen Medical launches $3.6M securities offering
- NuGen Medical Devices (OTCQB:NGMDF) (TSXV:NGMD:CA) seeks to raise $3.6M in a private offering of 20M units, issued at $0.18 each.
- Each unit consists of one common share and one purchase warrant, with each warrant entitling the holder to purchase one share at a price of $0.24 for a period of 24 months from the closing date of the offering.
- The company will use gross proceeds of the offering for working capital and general corporate purposes