Nanalysis Wins Investor

One of the habits of the most effective people is their capacity to ask, unashamedly, for help – technical, financial or otherwise.

Calgary-based Nanalysis Scientific Corp. (TSX-Venture:NSCI) has reached and has now closed a non-brokered private placement with Coquitlam, B.C.-based Factors Group.

Said the latter company’s chairman,"Factors Group is committed to producing the highest quality products possible and seeing worldwide improvement of testing in all areas of product quality.

The company issued 2,500,000 units at $0.60 per Unit for total gross proceeds of $1,500,000.

NSCI will use the net proceeds of the offering for selling, general and administrative expense associated with the global expansion of the Nanalysis' sales organization and distribution network and for working capital.

NSCI shares spiked 18 cents, or 45%, approaching noon EDT on Thursday to 58 cents, on volume of 262,000 shares.