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Funding: Mazor Robotics drums up $15M

Mon, 08/13/2012 - 2:02pm
Mass Device

Medical device company Mazor Robotics drums up $15 million in a private placement, aiming to get its share traded on a U.S. stock exchange.

Mazor Robotics

Mazor Robotics (PINK:MZRTF) wants to get on a major U.S. stock exchange, saying it's raised $15 million in a private placement to that end.

The Caesarea, Israel-based medical device company said the 2-tranche round is divided among "a group of institutional and accredited investors" led by Oracle Investment Management.

Mazor will issue nearly 7.1 million shares in the 1st tranche at about $1.06 (₪4.25) apiece, according to a press release, and then begin the process of obtaining a Level 2 ADR listing on either the NASDAQ exchange or the New York Stock Exchange "and release the shares and warrants issued to the investors."

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