Medigus Ltd. announces a private placement by Dexxon Technologies

on .

Medigus announced today that subject to the achievement of certain closing conditions it will issue 6,666,666 Ordinary Shares and 3,333,333 Series 7 Options to Dexxon Technologies 2005 Ltd., for consideration in the amount of NIS 6,600,000 reflecting a price per share of NIS 0.99.
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Medigus is a medical device company specializing in developing minimally invasive endosurgical tools and highly innovative imaging solutions. Medigus is a pioneer developer of a unique proprietary endoscopic device, the MUSE™ System, to treat gastroesophageal reflux disease (GERD), one of the most common chronic diseases in the western world. As an expert in micro-endoscopic devices, Medigus has developed a range of micro CMOS (complementary metal-oxide semiconductor) and CCD (charge-coupled device) video cameras, including micro ScoutCam™ 1.2, which to the best of the company's knowledge, is the smallest in the world.
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