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VentriPoint Diagnostics issues 1.57mln units to pay debenture debt

Last updated: 09:37 22 Mar 2017 EDT, First published: 05:37 22 Mar 2017 EDT

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Last week, the group said it was increasing its private placement to C$3.2mln from C$2mln and will now issue up to 10 million units at 32 cents per unit.

Heart technology specialist VentriPoint Diagnostics (CVE:VPT) has completed its shares-for-debt transaction with debenture holders.

The firm issued 1.575mln units as payment of $504,000, which was the total amount due under all the debentures.

Each of these units comprises one Ventripoint share and one share purchase warrant , with each entitling the holder to buy a further share at 50 cents for two years after issue.

Last week, the group said it was increasing its gross proceeds of  a private placement to C$3.2mln from C$2mln and will now issue up to 10 million units at 32 cents per unit.

It revealed it is now working to complete all the paperwork to close on or before March 24 this year, the firm added.

The firm aims to make heart analysis convenient and easy

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