Caisse invests in convertible debenture in medical test developer MonoGen
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Hey there, time traveller!
This article was published 17/09/2008 (6313 days ago), so information in it may no longer be current.
MONTREAL – The Caisse de depot et placement du Quebec said Wednesday it has invested in a C$7-million senior unsecured convertible debenture issued by MonoGen Inc. (TSX:MOG), a company the big pension fund manager already holds a significant stake in.
MonoGen is in the early stages of commercializing its medical device and diagnostics equipment.
In addition to the debenture, the Caisse holds 20.6 million shares in MonoGen or a 10.69 per cent stake, plus two million warrants exercisable into two million shares at a price of $1.40 per share.
Shares in MonoGen were unchanged Wednesday at 60 cents on the Toronto Stock Exchange.