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KDA proposes private placement of up to 26.6M shares

KDA Group Inc. plans to sell up to 26,666,666 class A shares at 15 Canadian cents each in a private placement, for proceeds of just under C$4 million.

The Thetford Mines, Quebec-based healthcare services company plans to use the proceeds for its cash flow activities and general corporate purposes.

The private placement is expected to be complete in the coming weeks, subject to approval from the Toronto Stock Exchange.

KDA provides pharmacy personnel replacement and vocational training services to the healthcare industry.