MedX Health Corp. is planning to raise up to C$2 million in a private placement of up to 16,666,667 units to investors.
The Canadian medical device and software company is selling the units at 12 cents each. Each unit includes 1 fully paid common share of the company and 1 two-year warrant to buy 1 common share.
The warrants are exercisable at 20 cents per share.
Closing of the placement will take place in tranches, subject to certain conditions.
Mississauga, Ontario-based MedX develops and markets skin-related screening tools, as well as phototherapy devices for pain relief and tissue repair.
