DIAGNOS Announces Closing of Private Placement
December 04 2023 - 5:00PM
DIAGNOS Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK)
(OTCQB: DGNOF), a Canadian corporation active in early detection of
critical health issues through the use of its FLAIRE platform based
on Artificial Intelligence (AI), announces the closing of a
non-brokered private placement (“Private Placement”) of 1,828,717
units (each a “Unit”), issued at a price of $0.35 per Unit, for
gross proceeds of $640,050.95.
Each Unit consists of:
- One common share (“Share”), and
- One-half common share warrant.
Each whole warrant (a “Warrant) can be exercised
to purchase one Share at a price of $0.45 per Share for a period of
18 months ending June 4, 2025. An aggregate number of 914,356
Warrants have been issued as part of the Private Placement.
The net proceeds from the Private Placement will
be used to fund product development and commercialization of
AI-based screening services as well as general and administrative
operations.
In connection with the closing of the Private
Placement, the Corporation has committed to pay a cash commission
of $11,250 to one qualified firm acting at arm’s length, Optimista
Consulting Services Inc.
All securities issued as part of the Private
Placement are subject to a statutory hold period ending April
5, 2024.
The Private Placement remains subject to receipt
of all required approvals, including the approval of the TSX
Venture Exchange, as well as execution of formal documentation.
All monies quoted in this press release shall be
stated and paid in lawful money of Canada.
About DIAGNOS DIAGNOS is a publicly traded
Canadian corporation dedicated to early detection of critical
health problems based on its FLAIRE Artificial Intelligence (AI)
platform. FLAIRE allows for quick modifying and developing of
applications such as CARA (Computer Assisted Retina Analysis).
CARA’s image enhancement algorithms provide sharper, clearer and
easier-to-analyze retinal images. CARA is a cost-effective tool for
real-time screening of large volumes of patients. Additional
information is available at www.diagnos.ca and
www.sedar.com.
This press release contains forward-looking
information. We cannot guarantee that the forward-looking
information mentioned will prove to be accurate, as there may be a
significant discrepancy between actual results or future events and
those mentioned in this statement. DIAGNOS disclaims any intention
or obligation to publicly update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise. The forward-looking information contained in this
press release is expressly covered by this caution.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information, please contact:
Mr. André Larente, President
DIAGNOS Inc.
Tel: 450-678-8882 ext. 224
alarente@diagnos.ca
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