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Australia's Micro-X completes A$2M private placement
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Australia-based Micro-X Ltd. completed its private placement of 7.4 million ordinary shares at 27 Australian cents per share.
Investors in the placement will also receive call options on a 1-for-2 basis, or a total of 3.7 million options.
Proceeds from the placement were A$2 million. Micro-X plans to use the proceeds for general working capital and for the production of its Carestream DRX Revolution Nano — a digital mobile X-ray system for use in hospital wards and intensive care units.