Tech Stock Rises on Financing News

    Zecotek Photonics Inc. (CVE:ZMS) stock is attracting investor interest

    Sean Mason | May 20, 2016 | SmallCapPower

    An above market price financing generator investor interest Friday, while a medical device maker plummeted on a court ruling. Here’s some small stocks making big moves on Friday, May 20, 2016 (as of 4 pm EST):

    ZMS logoZecotek Photonics Inc. (CVE:ZMS) shares climbed 10% to $0.265 on Friday after the developer of photonics technologies for medical, industrial and scientific markets announced that it has arranged for a non-brokered private placement of 2,250,000 units of the Company at a price of $0.30 per unit for gross proceeds of $675,000.

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    As well, shares of Neovasc Inc. (TSE:NVC) plunged 74% to $0.62 as the specialty medical device company said a Massachusetts jury found in favor of CardiAQ, on CardiAQ’s claims for relief for breach of contract, breach of the duty of honesty in contractual performance, and three of CardiAQ’s six asserted trade secrets, awarding US$70 million in damages.

    Mezzi Holdings Inc. (CVE:MZI), meanwhile, reported that it will be launching select styles with two major North American retailers for Fall/Winter 2016. The Company added that both of these launches are test campaigns and may lead to additional larger rollouts dependent upon positive metrics being achieved. Mezzi Holdings stock moved up 39% to $0.09 following the announcement.

    To find out more about Zecotek Photonics, please visit the company’s Investor Hub.

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    Ubika Research/SmallCapPower has received compensation from Zecotek Photonics to provide analyst research coverage. For full disclosure please visit here >

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