NuGen Revises Terms for $10 Million Private Placement

NuGen Medical Devices Inc (TSE:NGMD) has released an update.

NuGen Medical Devices Inc. has updated the terms of its upcoming $10 million private placement, increasing the conversion price for its secured convertible debentures to $0.10 per unit and adjusting warrant exercise prices to match. These debentures, which will mature in five years with an annual interest rate of 12%, aim to bolster NuGen’s working capital, production, and global sales order fulfillment.

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