ART completes financing, corporate reorganization

AuntMinnie.com staff writers
Nov 28, 2006

Canadian optical molecular imaging developer ART Advanced Research Technologies (ART) has completed a corporate reorganization as part of an arrangement with its security holders.

ART has realized proceeds of $5.85 million and additional net proceeds of $1.5 million through the sale of some of its common shares, making the company's total nondilutive financing $7.35 million before transaction expenses, with proceeds to be used for general corporate purposes, according to the Saint-Laurent, Quebec-based firm.

By AuntMinnie.com staff writers
November 29, 2006

Related Reading

ART repurchases debentures, November 21, 2006

Road to RSNA, Advanced Research Technologies, November 9, 2006

ART reorganizes for $6.6 million investment, September 22, 2006

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

ART files with Health Canada, June 22, 2006

Copyright © 2006 AuntMinnie.com

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