04:06 PM EDT, 10/25/2024 (MT Newswires) -- Diagnos ( DGNOF ) said Friday afternoon it closed a non-brokered private placement, raising nearly $1.6 million by selling about 5.2 million units at $0.30 each.

This adds to the around $2.5 million raised on Sept. 20, bringing the total financing to nearly $4.1 million, the company said.

Each unit includes a share and a warrant. In total, about 5.2 million warrants were issued, each allowing the purchase of a share at $0.40 until April 25, 2026.

Proceeds will be used for product development and commercialization of artificial intelligence screening services, regulatory matters, and general operations, the company added.

Diagnos ( DGNOF ) shares closed down $0.01 to $0.355 on the TSX Venture Exchange.