Sona Nanotech Inc (TSE:SONA) has released an update.
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Sona Nanotech Inc. has successfully completed a private placement, raising $1.643 million in gross proceeds, which will fund the advancement of a novel cancer therapy and general corporate purposes. The company’s innovative Targeted Hyperthermia Therapy, using heat to combat tumors, is expected to undergo a first-in-human clinical trial. Despite the related-party transactions involved, the financing adheres to regulatory exemptions, ensuring minority shareholder protection.
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