Home Add to Favorite Contact Submit  
           26 April, 2024


    
Category:  Press » Finances

 

Sontra Medical Corporation Closes $660,000 Financing

Popularity:
         Views: 1960
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
508-530-0311
hmitchell@sontra.com

Specialized in: Sontra Medical - 000 Financing
URL: http://www.sontra.com
Print press release      Bookmark this page
Related Press releases 
Investment And Wealth Creation (Popularity: ): This is because wealth building takes years of strategic financial planning as well as sustained investment and wealth creation efforts. At FBNQuest, we’re committed to helping our clients build and manage generational wealth through our excellent wealth advisory and management solutions. In this article, we will highlight the need for wealth planning and strategies you can leverage in wealth creation.Investment and Wealth Creation Wealth creation is a process of growing your ...
Goldsmith & Company: Leading the Way in Financial Services with Expert Chartered Accountants in North London (Popularity: ): London UK, (press.abc-directory ) 11 May 2023 - Goldsmith & Company, a premier accounting firm, is proud to offer exceptional financial services with their team of expert chartered accountants in North London. By delivering tailored solutions to help businesses and individuals navigate the complexities of financial management, Goldsmith & Company has become a trusted partner for clients seeking expert advice and support.In today's ever-changing financial landscape, it is crucial for ...
Atlas Insurance Agency Discusses Hawaii Commercial Property Insurance (Popularity: ): Honolulu, Hawaii ( press.abc-directory.com ) October 10, 2022 - Atlas Insurance Agency, a Hawaii property and casualty insurance agency, has recently delivered an article discussing the basics of Hawaii commercial property insurance. This new informational resource was written by the insurance agents at Atlas to provide business owners in Hawaii with information about business property coverage that is unique to their state. The Atlas team is made up of experienced ...
Georgia Business Insurance Agency Releases a New Educational Resource on Commercial Auto Insurance (Popularity: ): Alpharetta, Georgia ( press.abc-directory.com ) August 4, 2021 - Southern States Insurance has recently released a new educational resource that discusses commercial auto insurance and the details of coverage. The new blog is guided by the Georgia commercial auto insurance experts at Southern States Insurance who have extensive experience helping those in the commercial auto industry get thorough and comprehensive coverage.Southern States Insurance offers readers some valuable information that helps ...
Connecticut Business Insurance Brokers Discuss General Liability Coverage (Popularity: ): Norwalk, Connecticut (press.abc-directory) September 30, 2020 - The Connecticut business insurance brokers at JMG Insurance Agency recently released a new informational article that answers the question, "what does general liability insurance cover?". The new blog can be found on the company's website. The information in the article is guided by the insurance agency's extensive professional experience handling general liability plans and ensuring their clients are properly and comprehensively covered. Their ...


Related Business 
WLFJ AM 660 (Popularity: ): 50,000 watt AM station located in Greenville.
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.
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.
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.
MedVenture Associates (Popularity: ): Investment focus: early-stage financing of companies in medical devices, medical information technology, and pharmaceutical and biotechnology products.