BUZZ-Neovasc Inc: Raises size of offering

Thu Jan 29, 2015 1:49pm EST
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** Canadian medical device maker's U.S. listed shares up 13 pct at $8.16

** Raises size of offering to 10.5 mln common shares from an earlier 8 mln

** Prices offering at Wednesday's close of $7.19

** Company to offer 8.8 mln common shares, fetching it $63.6 mln in gross proceeds

** Selling stockholders to offer the rest, for $11.9 mln in gross proceeds

** Offering represents about 20 pct of company's outstanding float of 53.8 mln, according to Thomson Reuters data

** Company says to use part of proceeds to develop certain cardiovascular treatment devices in its pipeline

** Up to Wednesday's close, stock had more than doubled in the last 12 months

** Company's Toronto-listed shares up 16.7 pct at C10.35