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Published on 10/27/2005 in the Prospect News Biotech Daily and Prospect News PIPE Daily.

New Issue: Gamma Medica-Ideas wraps NOK 45.6 million private placement of shares

By Sheri Kasprzak

New York, Oct. 27 - Gamma Medica-Ideas, Inc. said it concluded a private placement for NOK 45.6 million.

The company issued 1.2 million shares at NOK 38 each.

The proceeds will be used for the company's growth initiatives.

Based in Oslo, Gamma Medica-Ideas develops imaging systems for medical and biological research.

Issuer:Gamma Medica-Ideas, Inc.
Issue:Stock
Amount:NOK 45.6 million
Shares:1.2 million
Price:NOK 38
Warrants:No
Settlement date:Oct. 27

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