- 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
