Titan Medical Inc (TMDIF)

[bernard7777]

Just read that the company that brokered Titan's recent financing for $11,500,00.00 in November has closed. I hope they already cashed the cheque.


Titan Medical Inc. (Titan or the Company) (TSX: TMD) (OTCQX: TITXF) is pleased to announce that it has closed its previously announced public offering (the Offering) made pursuant to an agency agreement (the Agency Agreement) dated November 6, 2015 between the Company and Octagon Capital Corporation (the Agent). The Company has sold a base offering of 8,130,081 units (each, a Unit) and full over-allotment of an additional 1,219,512 Units at a price of CDN $1.23 per Unit for aggregate gross proceeds of approximately CDN $11,500,000.