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Titan Medical gives progress report about Conavi merger

  • Titan Medical Inc. provided a progress update on its planned merger with Conavi Inc.
  • The combined entity will continue working to commercialize Conavi's Novasight Hybrid system for guiding minimally invasive coronary procedures.
  • They are preparing submissions to list Titan shares on the TSX Venture Exchange and completing the management information circular.
  • Conavi is also preparing concurrent financing of subscription receipts worth $15 million to $20 million.

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