QuikFlo Health closes $4.82M 1st tranche

Calgary (pcJ News Briefs) – QuikFlo Health Inc. (TSX-V: QF; FSE: 1QF) has closed the first closing of its previously announced non-brokered private placement of 64,314,444 units at a price of $0.075 per unit for proceeds of $4,823,583.30

Each unit consists of one common share and one half of a share purchase warrant with each whole entitling the holder to purchase one additional common share for $0.15 for a period of 2 years from closing.

Proceeds will be used for working capital and future acquisitions.

QuikFlo Health is a software company developing innovative solutions for the analysis of medical images and the rapid assessment of Stroke patients.

photo credit: QuikFlo Health

CPE Media News

Private Capital Journal, a service of CPE Media News, provides Canada's complete private capital (angel, venture capital, private equity, private/exempt), public financing, M&A, IPO/RTO news and intelligence.