Canadian digital radiography firm Imaging Dynamics (IDC) of Calgary, Alberta, has established a credit facility of $1 million through a group of private investors, effective June 8.
In connection with the credit line, IDC issued 9.2 million purchase warrants for common stock to the lenders. Each warrant is exercisable into one common share at a price of 12¢, subject to adjustment in certain events, at any time, on or before June 8, 2012.
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