New Issue: eMagin takes in $1.65 million from private placement of shares

By Devika Patel

Knoxville, Tenn., April 4 - eMagin Corp. said it raised $1.65 million in a private placement of stock and warrants.

The company sold 1,586,539 common shares at $1.04 per share. Investors also received warrants to purchase 793,273 common shares. The warrants are exercisable at $1.30 until April 2, 2013.

Proceeds will be used to provide working capital.

Based in Bellevue, Wash., eMagin produces electronic displays.

Issuer:	eMagin Corp.
Issue:	Common stock, warrants
Amount:	$1.65 million
Units:	1,586,539
Price:	$1.04
Warrants:	For 793,273 shares
Warrant expiration:	April 2, 2013
Warrant strike price:	$1.30
Settlement date:	April 4
Stock symbol:	OTCBB: EMAN
Stock price:	$1.00 at close April 3

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