TORONTO, Apr 10, 2014 (Canada NewsWire via COMTEX) — SQI Diagnostics Inc. (“SQI” or the “Company”) (TSX-V: SQD), a life sciences and diagnostics company that develops and commercializes proprietary technologies and products for advanced microarray diagnostics, today announced that it has closed its previously announced public offering (the “Offering”). Pursuant to the Offering, SQI issued 8,400,000 units of the Company (“Units”) at a price of C$0.50 per Unit for gross proceeds of C$4.2 million. Each Unit is comprised of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant is exercisable at a price of C$0.65 and entitles the holder thereof to acquire one Common Share until April 10, 2016.
http://www.publicwire.com/sqd-completes-4-2-million-equity-financing/
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