Maxim Group LLC acted as sole placement agent for BSD Medical Corporation’s $5.2 million registered direct offering.

SALT LAKE CITY–(BUSINESS WIRE)–BSD Medical Corporation¬†(NASDAQCM: BSDM) (BSD), a leading provider of medical systems that utilize heat therapy to treat cancer, announced today that it has entered into definitive agreements with institutional investors to raise approximately $5,225,000 in a registered direct offering at a price of $0.95 per unit. The Company is offering an aggregate of 5,500,000 shares of the Company’s common stock and warrants to purchase up to 4,400,000 shares of the Company’s common stock. The common stock and warrants will be immediately separable. The warrants will be exercisable six months and one day after the closing and have a term of exercise of five years from when they are exercisable and an exercise price of $1.10 per share. The offering is expected to close on or about July 1, 2014 subject to customary closing conditions.

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