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TORONTO, ONTARIO--(Marketwired - March 30, 2015) - Spectral Medical Inc. ("Spectral" or the "Company") (TSX:EDT) (OTCQX:EDTXF), a Phase III company developing the first treatment for patients with septic shock guided by a companion diagnostic, today announced that, in connection with the previously announced offering to Toray Industries, Inc. ("Toray") of 9,041,592 common shares ("Shares") at a price of CDN$0.553 per Share (the "Subscription Price") pursuant to the exercise of the Company's call right (the "Call Right"), Birch Hill Equity Partners IV, LP, Birch Hill Equity Partners (US) IV, LP, and Birch Hill Equity Partners (Entrepreneurs) IV, LP (collectively, the "Birch Hill LPs") have exercised their anti-dilution rights to acquire 2,007,872 Shares at the Subscription Price, for net proceeds of CDN$1,110,353. As a result, the Company will issue an aggregate of 11,049,464 Shares under the offering for net proceeds of CDN$6,110,353 (the "Offering"). |
