ART lands additional financing

AuntMinnie.com staff writers
Apr 19, 2006

Canadian optical molecular imaging developer ART Advanced Research Technologies said that OppenheimerFunds has exercised its right to purchase an additional $2.3 million in preferred shares.

The private placement is expected to close on or about April 20. The Saint-Laurent, Quebec-based firm said it intends to use the net proceeds of the financing as working capital and to finance its corporate development.

By AuntMinnie.com staff writers
April 20, 2006

Related Reading

ART launches preclinical imaging agents, March 31, 2006

ART begins Princess Margaret trial, March 22, 2006

ART posts sales gains in Q4, but loss widens, March 10, 2006

ART to buy Alerion, February 15, 2006

ART begins SoftScan study in western Canada, November 24, 2005

Copyright © 2006 AuntMinnie.com

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