Non-brokered offering sells common stock at C$0.01 per share to Kangda
By Devika Patel
Knoxville, Tenn., Feb. 19 - Imaging Dynamics Co. Ltd. said it will conduct a C$1.38 million non-brokered private placement of stock.
The company will sell 138 million common shares at C$0.01 apiece to Kangda International Medical Canada Co., Ltd. The price per share is a 50% discount to the Feb. 15 closing share price, C$0.02.
Proceeds will be used for general working capital and corporate purposes.
Based in Toronto, Imaging Dynamics develops cassette-based computed radiography systems.
| Issuer: | Imaging Dynamics Co. Ltd.
|
| Issue: | Common shares
|
| Amount: | C$1.38 million
|
| Shares: | 138 million
|
| Price: | C$0.01
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Kangda International Medical Canada Co., Ltd.
|
| Pricing date: | Feb. 19
|
| Stock symbol: | Toronto: IDL
|
| Stock price: | C$0.02 at close Feb. 15
|
| Market capitalization: | C$6.08 million
|
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