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3 stories mentioning VVTM.VUpdated 7d ago

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Mining & Metals

VVT Med Enters Dominican Republic Market

VVT Med (VVTM.V), a developer of minimally invasive solutions for venous disease, has entered the Dominican Republic market through a trial distribution and evaluation agreement with Antilles Medica, VVT said Thursday.Under the terms, Antilles will serve as the exclusive distributor for VVT's ScleroSafe technology in the Dominican Republic for an initial evaluation period, with a pathway toward a five-year partnership.The arrangement includes an initial purchase order for ScleroSafe Full Sets, reflecting Antilles' commercial commitment to the market entry process, VVT said.VVT's entry into Dominican Republic complements the company's established foothold in the U.S. through its relationship with Northwell Health, and its active distribution platforms in India and South Korea.Price: $0.20, Change: $-0.07, Percent Change: -24.53%

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Mining & Metals

VVT Med Signs "Largest" European Distribution Agreement to Date

VVT Med (VVTM.V) entered into its "largest" European distribution agreement to date, a strategic exclusive distribution partnership with Uber Ros S.p.A. for the commercialization of its ScleroSafe system in Italy, Vatican City and the Republic of San Marino, it said Monday.The five-year agreement represents about $2.3 million in potential revenue to the company, based on agreed minimum purchase commitments, with a portion structured under a pay-or-buy mechanism that provides a defined level of commercial commitment from the distributor, subject to terms, it said.Uber Ros also joined the company's previously announced non-brokered private placement financing as an investor.The company's shares last traded Apr. 23, closing at $0.25 on the TSX Venture Exchange.

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Mining & Metals

VVT Med Closes First Tranche In Private Placement of Units

VVT Med (VVTM.V) completed the first tranche of its previously announced non-brokered private placement offering for gross proceeds of up to $3 million, having issued 4,262,654 units at a price of $0.25 each for gross proceeds of $1.065 million, it said Wednesday.Each unit consists of one common share and one-half of one common share purchase warrant with each whole warrant exercisable into one common share at an exercise price of $0.375 per warrant share for a two-year period from the date of issuance, it added.Proceeds will be used to support expanded U.S. and global commercialization efforts, product manufacturing to accommodate anticipated demand, working capital and general corporate needs, it said, before adding closing it anticipates closing a second tranche of the offering in due course.The company's shares last traded Apr. 20, closing at $0.23 on the TSX Venture Exchange.

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