Mazor Robotics has finalized the financing agreement that it entered into in August, securing the first tranche of $7.5 million from a group of institutional and accredited investors led by Oracle Investment Management. Under the structure of the transaction, the aggregate investment amount will be up to $15 million invested in two tranches of $7.5 million each and divided among a group of investors in varying percentages. The agreement provides up to $15 million for further investment capital and will facilitate the company's efforts to implement an American Depository Receipt program on a U.S. stock exchange.
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