PET manufacturer Positron has entered into a loan agreement with its principal shareholder, Imatron. Under the terms of the agreement, South San Francisco, CA-based Imatron has agreed to loan Positron up to $2 million.
The loan is secured by substantially all of the Houston-based vendor's assets. In connection with the loan, due June 30, 2002, Positron issued a warrant to Imatron to purchase six million shares of its common stock at $0.30 per share.
By AuntMinnie.com staff writersJuly 24, 2001
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Webster named Positron’s VP of sales, marketing, April 10, 2001
Positron sales surge in 2000, April 3, 2001
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