Sept 16 (Reuters) - SQI Diagnostics Inc SQD.V :
* SQI DIAGNOSTICS INC. ANNOUNCES PRIVATE PLACEMENT WITH INSIDER PARTICIPATION
* SQI DIAGNOSTICS INC - INTENDS TO COMPLETE A NON-BROKERED PRIVATE PLACEMENT OF UP TO 40 MILLION UNITS AT $0.10 PER UNIT
* SQI DIAGNOSTICS - INTENDS TO USE NET PROCEEDS OF PRIVATE PLACEMENT TO FUND PRODUCT COMMERCIALIZATION AND MANUFACTURING PROGRAMS, SALES AND MARKETING
* SQI DIAGNOSTICS INC - EACH UNIT WILL CONSIST OF ONE COMMON SHARE AND ONE COMMON SHARE PURCHASE WARRANT IN PRIVATE PLACEMENT