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Biopool International

This article was originally published in The Gray Sheet

Executive Summary

Test kit manufacturer nets approximately $2 mil. from private placement of 1.2 mil. shares of unregistered common stock at $1.875 per share. Purchasers were Stamford, Connecticut-based International Capital Partners and San Francisco-based VK Capital Co. Proceeds from the offering will be used by the Ventura, California-based firm "to pay down existing debt, to purchase capital equipment and fund other corporate expenditures," and for R&D and marketing efforts. Van Kasper & Co. acted as placement agent for the transaction.

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