Sonomax Hearing Healthcare Inc. (TSX VENTURE:SHH) announces that it has completed a previously-announced private placement by issuing a total of 9,411,766 units at a price of $0.255 per unit to “accredited investors” in Ontario, for gross proceeds to Sonomax of $2.4 million. Each unit consists of one common share of Sonomax and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.45 per share for two years.
