Medicus Pharma Ltd. Raises Funds and Converts Notes - TipRanks.com

Medicus Pharma Ltd (TSE:MDCX) has released an update.

Medicus Pharma Ltd. has successfully completed a non-brokered private placement, issuing 2,922,500 common shares at $2 each, raising a total of $5.845 million, with part of the proceeds aimed at funding R&D and working capital. Additionally, all outstanding convertible notes have been converted into shares, with the company fulfilling its obligations through the issuance of shares and cash payments for accrued interest.

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