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Impression Healthcare plans A$1.1M placement

Impression Healthcare Ltd. is planning to issue 42,453,450 ordinary shares as part of a placement.

The Australian maker of dental guards priced the placement at 2.5 Australian cents per share, with expected proceeds of about A$1.1 million.

Impression Healthcare plans to issue the shares March 6 and use the proceeds primarily to fund sales and marketing activities and for working capital.