ART reorganizes for $6.6 million investment

AuntMinnie.com staff writers

Sep 21, 2006

Canadian optical molecular imaging developer ART Advanced Research Technologies will receive $6.6 million (U.S.) from private investment firm Matco Capital of Calgary, Alberta, Canada, to recapitalize and reorganize ART's corporate structure.

The transaction stipulates that ART will transfer its existing assets and liabilities to a newly incorporated company to be known as New ART, which will continue the development of ART's optical molecular imaging technology. ART's current management also will remain in place, according to the Saint-Laurent, Quebec-based firm.

By AuntMinnie.com staff writers
September 22, 2006

Related Reading

Bouchard steps down as ART pres/CEO, July 20, 2006

ART files with Health Canada, June 22, 2006

ART signs Martin Memorial, April 25, 2006

ART begins SoftScan trial at UCSD, March 30, 2006

ART begins Princess Margaret trial, March 22, 2006

Copyright © 2006 AuntMinnie.com

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