International Isotopes raises $3 million

AuntMinnie.com staff writers
Feb 24, 2010

Radioisotope manufacturer International Isotopes of Idaho Falls, ID, has raised $3 million in convertible debt securities from private investors to support continued engineering design and licensing of its uranium processing and fluorine extraction facility.

The debt matures in 18 months, holds a fixed interest rate of 6%, and can be converted at any time by the investors into common or any other class of company-issued equity securities, according to International Isotopes.

Related Reading

International Isotopes files permit with NRC, January 5, 2010

International Isotopes inks deal with New Mexico, October 28, 2009

International Isotopes revenues, net loss grow, March 28, 2008

International Isotopes taps COO, January 15, 2008

International Isotopes Q3 sales edge up, November 12, 2007

Copyright © 2010 AuntMinnie.com

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