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Zecotek Announces Non- Brokered Private Placement
August 14, 2007
$2,000,000 Non-Brokered Private Placement Announced
Vancouver, August 14, 2007 - Zecotek Medical Systems Inc. (TSX-V: ZMS; Frankfurt: W1I) today announced that the Company has arranged for a non-brokered private placement of 1,250,000 units of the company at a price of $1.60 per unit for gross proceeds of $2,000,000.
Each unit consists of one common share and one-half of one common share purchase warrant.
Each whole warrant entitles the holder to acquire one common share at an exercise price of $2.00 per common share for a period of 18 months after the date the private placement closes.
The common shares and warrants issued pursuant to the offering will be subject to a four-month hold period. The private placement is subject to acceptance for filing with the TSX Venture Exchange. – 30 –
About Zecotek
For additional information on Zecotek Medical Systems and our technologies please see our website at www.zecotekmed.com.
For additional information please contact:
Caliber Capital Partners
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