MINNEAPOLIS--(BUSINESS WIRE)--ProUroCare Medical Inc. (OTCBB:PUMD), announced today that it has closed a private placement of $175,000 of units consisting of unsecured, subordinated, convertible promissory notes and common stock purchase warrants. The net proceeds will be used to pay certain existing obligations and for general corporate purposes. This closing successfully completes ProUroCare’s planned private placement fund raising goal. Combined with its previous private placement closings since December 27, 2007, the Company has sold a total of $2,000,000 of investment units.
