Business
IDC ANNOUNCES RE-PRICING OF EXERCISE PRICE FOR SHARE PURCHASE WARRANTS
Apr. 13, 2011 (Canada NewsWire Group) -- CALGARY, April 13 /CNW/ - Imaging Dynamics Company L...
About this update from Imaging Dynamics Company, Ltd.
[{"type":"text","content":"\n\n\n Apr. 13, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, April 13 /CNW/ - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (TSX: IDL) - wishes to announce that it will make application to the\n Toronto Stock Exchange ("TSX") for the re-pricing of 5,729,165 share purchase warrants (the "Re-priced Warrants") originally issued in connection with a non-brokered loan that closed\n on June 8, 2009. The original terms specified that each whole warrant\n was exercisable into one common share of IDC at a price of $0.12 per\n share expiring on June 8, 2012. The Company will amend the warrant\n exercise price from $0.12 per share to $0.05 per share.  None of the\n holders of the Re-Priced Warrants are insiders (as such term is defined\n in the Toronto Stock Exchange Company Manual) of IDC.\n\n\nThe Company had previously applied to the TSX for the re-pricing of the\n Re-Priced Warrants on November 5, 2010 (please see IDC's news release\n dated November 5, 2010 under the Company's profile on The System for\n Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com) but the Company did not go forward with the re-pricing at that time as\n the Company had begun negotiating potential financing options after it\n has received conditional approval of the TSX for the re-pricing of the\n Re-priced Warrants.\n\n\nThe transaction is subject to acceptance by the TSX.\n\n\nAbout Imaging Dynamics Company (IDC):\n\n\nI...