TruScreen to raise up to $2m

Tue, 28 Apr 2020

TruScreen plans to raise up to $2 million of new capital to support its expansion in foreign markets in a discounted share purchase plan. Eligible New Zealand shareholders and wholesale investors in Australia can take up to $50,000 of new shares at 5 cents apiece, a discount to Friday’s closing price of 9.9 cents. The stock dropped 35 percent to 6.4 cents.Funds raised will support TruScreen’s Chinese business and develop other global markets such as Vietnam, Russia and India. Truscreen's cervical cancer screening device was...

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