ProUroCare Medical Inc. announced that it has received $0.25 million in funding.
On the same day, the company received the funding and issued 30,000 shares in lieu of cash interest to the lender.
On October 29, 2012, ProUroCare Medical Inc. closed the transaction. The company issued additional notes for gross proceeds of $100,000 to the investor. The company raised total gross proceeds of $250,000 in the transaction. In lieu of interest or any other consideration, the company issued 20,000 shares of its common stock to the lender.