Home Add to Favorite Contact Submit  
           02 July, 2020

Category:  Press » Finances


Sontra Medical Corporation Closes $660,000 Financing

         Views: 1450
2007-01-30 21:23:24     
Sontra Medical Corporation

Sontra Medical Corporation (OTC: SONT.PK) announced today that it closed a $660,000 common stock and warrant financing with Sherbrooke Parters, other accredited investors and members of Sontra's board of directors and management. The financing was originally expected to be for $600,000; however, as a result of increased investor interest, it was increased by $60,000 to $660,000. The Company issued 6,600,000 shares of common stock for $0.10 per share and two- year warrants to purchase 1,650,000 shares of common stock at an exercise price of $0.21 per share in the financing.

Certain members of Sontra's board of directors and management team invested a total of $120,000 in the financing, as required by the investors as a closing condition to the transaction.

The shares of common stock and the warrants offered and sold in the private placement, and the shares of common stock underlying the warrants, were not registered under the Securities Act, and therefore may not be offered or sold in the United States absent registration or an applicable exemption from registration. Sontra offered and sold the securities in reliance on the statutory exemption from registration in Section 4(2) of the Securities Act, and/or Regulation D promulgated thereunder. The disclosure about the private placement contained in this press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Sontra, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Sontra Medical Corporation (http://www.sontra.com)

Sontra Medical Corporation, a technology leader in transdermal science, has been developing a non-invasive, continuous transdermal glucose monitor ("CTGM") for principal use in the Intensive Care Market. In addition, the Company owns a platform technology, the SonoPrep(R) Permeation System, and other technology for transdermal delivery of large molecule drugs and vaccines.

The common stock and warrants to purchase common stock were offered and issued solely to accredited investors in a transaction exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended, and/or Regulation D promulgated under the Securities Act.

SonoPrep is a registered trademark of Sontra Medical Corporation. All other company, product or service names mentioned herein are the trademarks or registered trademarks of their respective owners.

Investor Relations Contacts:
Harry G. Mitchell, Interim CEO

Specialized in: Sontra Medical - 000 Financing
URL: http://www.sontra.com
Print press release      Bookmark this page
Related Press releases 
LA Specialty Insurance Agency Discusses Dram Shop Liability Insurance (Popularity: ): Los Angeles, California ( press.abc-directory.com ) February 5, 2019 - MFE Insurance, a Los Angeles specialty insurance agency, recently released a blog educating readers on the benefits of dram shop liability insurance. Having this type of insurance can protect establishments from costly legal expenses and prevent financial issues.Dram shop laws in 38 states stipulate that a business that sells alcoholic drinks or a host who gives liquor to a person ...
RotenbergMeril Announces New Partner Ann Callari (Popularity: ): Saddle Brook, NJ, August 5, 2014 – RotenbergMeril, a top-ranked independent accounting firm in the New York metropolitan area, is proud to announce that Ann Callari has been named partner. Ms. Callari, who founded and leads the firm’s tax department, brings more than 20 years of experience in public accounting and 16 years of experience as a dedicated tax professional to RotenbergMeril. She handles all aspects of clients’ tax compliance, ...
Beverly Loan Company Partnering to Make Loans Against Motor Vehicles (Popularity: ): Beverly Hills, CA - June 27, 2014 -- Beverly Loan Company, often coined as the "Pawnshop to the Stars," has announced a new partnership that will allow its clients to receive VIP treatment from the industry leader in pawn loans and title loans against cars, trucks, motorcycles, and boats. Since 1938 Beverly Loan Company has been the premiere collateral lender for gold and platinum jewelry, diamonds and colored stones, fine ...
DHFL announces an exciting offer for women customers (Popularity: ): 24 February 2014, All India: DHFL, India’s second largest private housing finance company, today announced an exciting offer on its Home Loan products exclusively for women customers. Under the ‘DHFL Home Loan for Women’ offer, all single / first woman applicants who are also the sole / co-owners in the property will be eligible for a 25 bps (0.25%) waiver on the Rate of Interest. This scheme can be availed ...
Loan2paydayadvance announces a brand promotional act that will help to separate the rumours of payday loans (Popularity: ): KELLY, Ireland, United Kingdom - Payday Loans, always comes with several rumours and facts about the negativity of it. The figures always reveal the dissatisfaction of the consumers of payday loans. Even, I also not satisfied with the high APR of payday loans and because of that I always heard unfamiliar words or abuse from the seekers about it.Apart from my opinion, payday loan is a type of unsecured loans ...

Press release home snapshot 

Related Business 
WLFJ AM 660 (Popularity: ): 50,000 watt AM station located in Greenville.
HospitalSoup.com (Popularity: ): WorldWide Hospital Directory. Featuring over 6,000 hospitals, healthcare jobs, nursing and medical resources, and over 50,000 medical links.
Taycor, L.L.C. (Popularity: ): Get approved for equipment, vehicles, or software financing with a simple online application. No tax returns required for transactions up to $150,000, or get approved up to $5,000,000 with an abbreviated financial package (on qualified credits). With 15 years of history and expertise in equipment leasing and financing, Taycor Financial operates nationwide and employs a team of dedicated equipment leasing professionals to better serve both vendor partners as well as ...
AETNA Capital (Popularity: ): Aetna Capital provides asset based loans starting from just $100,000 to $1,000,000 plus fundings. Aetna Capital can provide the financing to make your company prosper.
Professional Finance Group, Ltd. (Popularity: ): Professional Finance Group, Ltd is a nationally recognized leader in commercial finance. We are leading the way in commercial lending of all types, including Commercial Real Estate Loans, Equipment Leasing, Sale Leasebacks, Heavy Equipment Leasing, Heavy Equipment Financing, Medical Financing, Accounts Receivable Financing, Factoring, Bridge and Hard Money Loans, SBA Financing, Business Acquisition Financing, Hotel Financing, Stock Loans, Portfolio Liquidations, Private Equity, Joint Ventures and more.
Korea Deposit Insurance Corporation (Popularity: ): Protects principal and interest of insured deposits up to KRW 50,000,000.
KPJ Medical Healthcare Service Provider (Popularity: ): KPJ Healthcare Berhad is a member of Johor Corporation and the leading private healthcare provider in the country with a network of 20 hospitals in Malaysia and 2 in Indonesia. With more than 2,600 licensed beds, KPJ hospitals offer a comprehensive range of medical services and have treated some 2.42 million outpatients and over 220,000 inpatients in 2010.
Tehran University of Medical Sciences (Popularity: ): Trains over 13,000 students in 8 schools and 12 research centers, and more than 2,000 specialists in over 80 postgraduate programs.
Rose Medical Center (Popularity: ): At Rose Medical Center (Rose), we have one of the most experienced bariatric programs in the country, and every day we strive for clinical excellence focusing on patient outcomes and safety. Combined, our patients have lost more than 300,000 lbs and have resolved countless numbers of co-morbidities. Additionally, our surgeons have performed over 4,000 procedures.
Suspension Feeder Corporation (Popularity: ): A 30 year plus manufacturer of envelope feeders for all OEM off set and digital presses. Feeds A-2 to 10 by 13 inch cataolg envelopes at speeds up to 10,000 and 15,000 per hour landscape and portarit.