Nov 3 (Reuters) - Sqi Diagnostics Inc SQD.V
* Announces private placement with insider participation and annual and special meeting
* Intends to complete a non-brokered private placement of up to 30 million units of company at a price of $0.15 per unit
* Anticipated that three insiders of co will subscribe for up to 20 million units for gross proceeds of $3 million under private placement
* Intends to use net proceeds of private placement to fund company's product commercialization and manufacturing program