LED Medical Diagnostics Inc. (TSXV:LMD) announced a brokered private placement of 183,333,333 units at a price of CAD 0.06 per unit for the gross proceeds of CAD 11,000,000 and 12% senior secured debentures for CAD 2,000,000 for total gross proceeds of CAD 13,000,000 on January 20, 2017. Each unit will consist of one common share and one half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at CAD 0.10 per share for a period of 24 months from the date of issuance. The debenture issued will mature 24 months from date of closing. The company intends to grant a total of 2,550,000 common shares as a loan bonus to the holders of the debentures in connection with the issuance of the debentures. All securities issued in connection with the transaction will be subject to a hold period expiring four months and one day after the closing date. The transaction is subject to the approval of the TSX Venture Exchange.