March 6, 2019 / 12:00 PM / 7 months ago

BUZZ-Titan Medical Inc: Dips after equity raise plans

** Canadian robotic surgical system maker’s U.S-listed shares fall 7.4 pct to $3.5 premarket

** Tuesday after market, Titan said it has filed statements with regulators for an offering of units and expects to raise between $20 mln and $25 mln

** Each unit will comprise one common share of the company and one common share purchase warrant

** Titan says it will use the proceeds to fund development work for its Sport surgical system and towards working capital and other general purposes

** U.S. and Canadian shares of the company fell about 56 pct in the past 12 months (Reporting by Manas Mishra in Bengaluru)

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