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An announcement from Nanalysis Scientific ( (TSE:NSCI) ) is now available.
Nanalysis Scientific Corp. announced a $2 million offering of 12% unsecured promissory notes, with Pathfinder Asset Management Ltd. subscribing for $1 million and potentially up to $2 million. The proceeds will support general corporate purposes and ongoing operations, with bonus shares issued to lenders and a possible finder’s fee. This move aims to bolster Nanalysis’s financial position, potentially enhancing its market competitiveness and operational capabilities.
More about Nanalysis Scientific
Nanalysis Scientific Corp. operates in two primary business segments: Scientific Equipment and Security Services. The company develops and manufactures portable Nuclear Magnetic Resonance (NMR) spectrometers for laboratory and industrial markets, including the NMReady-60™ and a 100MHz platform. Their devices serve various industries such as oil and gas, chemical, mining, and more, and they provide scientific equipment sales and maintenance services globally. In their Security Services segment, they focus on airport security equipment maintenance across Canada and offer commercial security equipment installation and maintenance in North America.
Average Trading Volume: 53,890
Technical Sentiment Signal: Sell
Current Market Cap: C$29.44M
Learn more about NSCI stock on TipRanks’ Stock Analysis page.