Aurora Spine Corporation Lists on the TSX Venture Exchange - Video News Alert on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2013) - Aurora Spine Corporation (TSXV: ASG) is the latest new listing on the TSX Venture Exchange. A prospectus was filed in Canada, with M Partners placing 5,150,000 shares at a price of US$0.70, raising the company US$3,605,000 in gross proceeds. The prospectus is available for viewing on Sedar.com.
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Aurora Spine, an early stage company, was formed to bring new solutions to the spinal implant market through a series of innovative, minimally invasive, regenerative spinal implant technologies.
Lower back pain is generally considered one of the most widely experienced health problems in the United States and many parts of the world, and one of the most frequent conditions for which people see a physician or lose days from work.
Since Aurora's inception, management has
furthered product research and development on its product designs,
secured premises to conduct its business and train physicians,
undertaken the filing of patent applications, and
conducted initial marketing and distribution development of its initial product.
Aurora received a CE Mark certificate from the British Standard Institute in respect of its first product on July 19, 2013, and expects to receive FDA approval for this product in or about mid-December, 2013.
Trent Northcutt, President and CEO stated, "We are very proud to have completed our IPO so successfully and to become a public company on the TSX Venture Exchange. This is an important corporate milestone for Aurora Spine, and represents the culmination of the dedicated efforts of our experienced team. We believe this transaction will accelerate our position as a global spinal innovator of minimally invasive fusion, dynamic stabilization, and regenerative technologies."
There are 12.4 million shares outstanding, and given its current price of $1.38, the company is capitalized at $17.1 million.
InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing short three minute videos based on significant news releases and research reports.
Barry Morgan, CFO