NuGen Receives $1.3M Through Early Option and Warrant Exercise
Toronto, Ontario--(Newsfile Corp. - September 11, 2023) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") is pleased to report it has received $1,302,000 through the exercise of 25,290,000 warrants having an exercise price of $0.05 expiring February 14, 2025, and 750,000 options at $0.05 expiring December 13, 2027.
"The early exercise of the 5-cent option and warrants has improved the capitalization table considerably while providing additional working capital to the Company," reported Veronique Laberge, CFO. "NuGen would like to thank those shareholders who elected to exercise early."
NuGen is a specialty medical device Company that is marketing and selling its next-generation InsuJet™ needle-free injection system designed to improve the lives of millions of diabetics. InsuJet™ is approved for sale in 42 countries around the world.
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