Business
IDC announces private placement
CALGARY , Nov. 19, 2013 /CNW/ - Imaging Dynamics Company Ltd. ("IDC" or the "Company") ...
About this update from Imaging Dynamics Company, Ltd.
[{"type":"text","content":"\n\n\nCALGARY, Nov. 19, 2013 /CNW/ - Imaging Dynamics Company Ltd. (\"IDC\" or the \"Company\") (TSX:IDL), a global leader in the high growth digital radiography (DR) equipment\n market, today announced a non-brokered private placement with\n individuals to purchase 10,000,000 common shares (\"Common Shares\") for\n aggregate gross proceeds of $500,000 at a price of $0.05 per Common\n Share (the \"Private Placement\").  The Company is in discussions with\n other parties that could increase the size of the offering by another\n 6,000,000 Common Shares for additional aggregate gross proceeds of\n $300,000, also at a price of $0.05 per Common Share although there is\n no assurance that a further private placement for the additional\n aggregate proceeds or any smaller amount can or will be finalized.\n\n\nProceeds from this Private Placement will be used for general working\n capital and corporate purposes. The Common Shares issued in connection\n with the Private Placement will be subject to a four month hold period\n from the date of issuance in accordance with applicable securities law.\n The Private Placement will also be subject to certain conditions,\n including the approval of the Toronto Stock Exchange (\"TSX\").\n\n\nAbout Imaging Dynamics Company (IDC):\n\n\nIDC is a global medical imaging technology provider and innovative force\n in the high growth field of digital radiography (DR) technology.\n\n\nThe Company has over 3,000 installations in 50 countries of its\n proprietary, award winning direct capture DR technology, which replaces\n conventional film-based diagnostic imaging and provides a\n cost-effective solution for medical facilities of all sizes to provide\n high quality diagnostic X-ray images and improve the level of\n healthcare for their patients.\n\n\nThroughout its history, IDC has been recognized by multiple industry\n organizations and research analysts such as: Frost & Sullivan and\n Deloitte Technology; for its dedication to innovation, global market\n growth, and customer focused value proposition.\n\n\nThe Company has its corporate office in Calgary, Canada, a business\n office in Hong Kong, and a representative office in Beijing, China.\n\n\nVisit the IDC web site:  www.imagingdynamics.com\n\n\nStatements in this release which describe IDC's intentions, expectations\n or predictions, or...