Profound Medical Corp. is raising C$10 million (US$7.8 million) through a syndicate of underwriters led by Echelon Wealth Partners Inc., including CIBC Capital Markets. The Mississauga, Ontario-based company is offering an aggregate of 10,000,000 units at a price of C$1 (US80 cents) per unit. Each unit will consist of one common share of Profound (CVE:MRY.P) and one-half of one warrant, with each whole warrant enabling the holder to acquire one common share at a price of $1.40 (US$1.12) per share. Read More
