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Optiscan Imaging: Plans $9.4M capital raise

September 22, 2020

Microscopic imaging company Optiscan Imaging (OIL) is planning a capital raise, with aims to raise up to $9,813,499
More than 118.9 million fully paid ordinary shares will be issued to sophisticated and professional investors at 8.25 cents each
Participants will also receive one free attaching option for every four shares subscribed for with an exercise price of 15 cents and an expiry date 30 months from issue
The issue of the options is subject to shareholder approval at the company’s annual general meeting (AGM) on November 26
Optiscan will use the money to build its inventory, fund potential clinical trials, and undertake third party testing
Optiscan’s share are still paused and last traded for 10.5 cents on September 18