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| Home : DiaMedica Increases Size of Non-Brokered Private Placement |
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Nov 25
2015 |
DiaMedica Increases Size of Non-Brokered Private Placement |
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MINNEAPOLIS, MINNESOTA--(Marketwired - Nov. 24, 2015) - DiaMedica Inc. (the "Company") (TSX VENTURE:DMA) (OTCQB:DMCAF), announces that, subject to TSX Venture Exchange ("TSXV") approval, it has increased the size of the previously announced non- brokered private placement from up to 3,000,000 Units to up to 4,500,000 Units in the capital of the Company at an issue of $0.10 per Unit for gross proceeds of up to $450,000 (the "Offering"). Each Unit will consist of one Common Share in the capital of the Company (each a "Common Share") and one Common Share purchase warrant (each a "Warrant"), with each Warrant entitling the holder thereof to acquire an additional Common Share at an exercise price of $0.20 per Common Share prior to the expiry date that is twelve months after the date of issuance. All of the Units issued in connection with the Offering will be subject to a restricted period that expires four months after the issuance date. |
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| Source:http://www.marketwired.com/mw/release.do?id=2076741&sourceType=3 |
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