Business
IDC Announces Extension of Convertible Debentures
(via TheNewswire) Calgary, Alberta / TheNewswire / April 26th, 2019 - Imagin...
About this update from Imaging Dynamics Company, Ltd.
[{"type":"text","content":"IDC Announces Extension of Convertible Debentures(via TheNewswire)\n\n \n\n\n \n \n\n\n \n \nCalgary, Alberta / TheNewswire / April 26th, 2019 - Imaging Dynamics Company Ltd. (\"IDC\" or the \"Company\") (TSXV:IDL) announces that its existing convertible debentures (the \"Debentures\") issued on October 7th, 2016 with a maturity date of January 22nd, 2019 (the \"Maturity Date\") is approved by TSX Venture Exchange on April 17th, 2019 to extend its maturity date to January 22nd, 2020. (the \"New Maturity Date\")\n\n \n \nConvertible Debentures - Background Information \n\n\n \nOn or about October 7th, 2016, Imaging Dynamics Company Ltd. completed a convertible debentures financing for the gross proceeds of CAD$6,000,000 in principal (the \"first convertible debentures\"). The convertible debentures have an interest rate of 6.0% per year payable annually by the Corporation to the holder of the debentures and are convertible into common shares of the Company at the holder's option at a conversion price of CAD$0.125 per common share on or before maturity date. The convertible debentures have a maturity date of January 22nd, 2019.\n\n \n \nAbout Imaging Dynamics Company (IDC):\n\n\n \nIDC is a global medical imaging technology provider and innovative force in the high technology growth field of digital radiography (DR). Digital Radiography is a form of X-ray imaging which replaces conventional film-based diagnostic imaging and provides a cost-effective solution for medical facilities of all sizes to provide high quality diagnostic X-ray images with the use of Flat Panel detectors to enhance the digital image quality and improve the level of healthcare for their patients.\n\n \n \nThe Company has its corporate office in Calgary, Canada, a sales and marketing office in Beijing, China, and operations, research and development centres in Calgary, Canada and Shanghai, China. \n\n \n \n Visit the IDC web site: www.imagingdynamics.com\n\n \n \nFor more information, please contact:\nMs. Rong Xue \n\n\n \nChief Financial Officer \n1.403.769.1294 Office \n1.866.975.6737 Toll Free \n\n\n \[email protected] \n\n \n \nStatements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known...