SONA NANOTECH TO ARRANGE PRIVATE PLACEMENT FINANCING

▤ Summary

Sona Nanotech plans to raise up to CAD 2.4 million through a private placement of common shares. The company says it will use the proceeds to advance studies supporting the clinical development of its Targeted Hyperthermia Therapy oncology treatment and to fund ongoing research and development. Sona also plans to use part of the money for general working capital. The financing still needs Canadian Securities Exchange approval and must satisfy other closing conditions before it can complete.

$ Funding

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