MIAMI--(BUSINESS WIRE)--On May 29, 2008, SafeStitch Medical, Inc. (OTCBB:SFES) (the “Company” or “SafeStitch”) announced that it had completed the sale of 1,861,505 shares of the Company’s common stock to a number of private investors for an aggregate of approximately $4.0 million. The Company intends to use the funds for general working capital purposes, including the continued development and testing of its products.
