Investornewsbreaks Izotropic Corporation (CSE: IZO) (OTCQB: IZOZF) (FSE: 1R3) Closes $375,000 Private Placement

(MENAFN- Investor Brand Network) Izotropic (CSE: IZO) (OTCQB: IZOZF) (FSE: 1R3) , a medical device company developing imaging-based products for more accurate breast cancer screening, diagnosis and treatment, announced it has closed a non-brokered private placement of 1.5 million units at $0.25 per unit for gross proceeds of $375,000. Each unit includes one common share and one transferable warrant exercisable at $0.50 for three years. Proceeds will be used for general working capital. An insider acquired 100,000 units under exemptions from MI 61-101 requirements, and the company paid $3,500 and issued 14,000 broker warrants exercisable at $0.25 for three years in connection with the offering.

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About Izotropic

More information about Izotropic Corporation can be found on its website at izocorp and by reviewing its profile on SEDAR at sedarplus

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