Printer Friendly

NOVA ANNOUNCES FINANCING AGREEMENT

 HAUPPAUGE, N.Y., Sept. 1 /PRNewswire/ -- Nova Technologies, Inc. (NOVA) (OTC Bulletin Board: NOTL), announced today that it has executed an agreement with private investors for the purchase of 1,250,000 units for an aggregate purchase price of $5 million ($4 per unit). Each unit will consist of one share of common stock and a common stock purchase warrant, entitling the holder thereof the right to purchase one share of common stock at an exercise price of $4 through Dec. 31, 1996. The funds are to be paid incrementally over a period extending through Dec. 31, 1993.
 The company has developed an essentially automatic patient transfer system called NOVABED(TM).
 -0- 9/1/93
 /CONTACT: Charles Chubb of Nova Technologies, Inc., 516-434-8811/
 (NOTL)


CO: Nova Technologies, Inc. ST: New York IN: CPR SU: FNC

LG-TW -- NY011 -- 7804 09/01/93 09:07 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 1, 1993
Words:144
Previous Article:GREENERY REHABILITATION GROUP, INC. SCHEDULES SHAREHOLDERS MEETING TO VOTE ON MERGER
Next Article:ELEK-TEK, INC. REPORTS SECOND QUARTER RESULTS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters