EMVision Medical Devices Limited (ASX: EMV) receives binding commitments from the institutional and sophisticated investors to raise $4,500,000 before cost.
- EMV intends to utilise the funds in the commercial product development of the Company’s portable brain scanner and to progress clinical validation.
- The Placement would mark an issue of 6,081,082 new ordinary shares at an issue price of $0.74 per share, which represents a 13 per cent discount to the last traded price of $0.85.
- The settlement of the Placement is expected to occur on 11 November 2019.
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