August 1, 2017 / 1:24 PM / 2 months ago

BRIEF-Longtai Medical agrees to convert Titan Medical's distributorship deposit to equity

Aug 1 (Reuters) - Titan Medical Inc

* Longtai Medical agrees to convert Titan Medical’s distributorship deposit to equity

* Titan Medical Inc - agreement with Longtai Medical Inc for conversion of Longtai’s $2.0 million distributorship deposit to equity

* Titan Medical Inc says Titan will issue to Longtai 16.9 million units at a price of CDN$0.15 per unit Source text for Eikon: Further company coverage:

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