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Aquarius Surgical Technologies to raise up to C$3M via private placement

Aquarius Surgical Technologies Inc. is planning to raise between C$500,000 and C$3 million via a non-brokered private placement of units to certain investors.

The Toronto-based company, which develops medical laser systems, intends to price the placement at 35 Canadian cents apiece. Each unit will consist of a common share and half of a purchase warrant.

Each whole warrant can be exchanged for a common share of the company for an exercise price of 70 cents each.