Feb 20 (Reuters) - SQI Diagnostics Inc SQD.V :
* SQI DIAGNOSTICS INC. ANNOUNCES PRIVATE PLACEMENT WITH INSIDER PARTICIPATION
* SQI DIAGNOSTICS INC - IT INTENDS TO COMPLETE A NON-BROKERED PRIVATE PLACEMENT OF UP TO 31.25 MILLION UNITS OF CO AT A PRICE OF $0.08 PER UNIT
* SQI DIAGNOSTICS INC - TO USE NET PROCEEDS OF PRIVATE PLACEMENT TO FUND CO'S PRODUCT COMMERCIALIZATION AND MANUFACTURING PROGRAMS, SALES AND MARKETING