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Invesque grosses US$15M from private placement of preferred stock

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Invesque grosses US$15M from private placement of preferred stock

Healthcare real estate company Invesque Inc. wrapped up the third and final tranche of its private placement of class A convertible preferred shares to certain Magnetar Financial LLC-managed funds for roughly US$15 million in gross proceeds.

The third tranche resulted in the issue of 1,586,042 class A series 3 convertible preferred shares.

The proceeds will be used to settle debt, for general working capital purposes and to finance prospective purchases.