Radioisotope manufacturer International Isotopes has terminated plans for a public offering of common stock, which was announced on February 25.
The proposed offering was intended to raise proceeds of $20 million to $30 million Canadian ($20.2 million to $30.3 million U.S.).
The company noted that the recent earthquake, tsunami, and resulting nuclear reactor damage in Japan have, for the time being, caused a "dramatic shift" in investor sentiment away from nuclear projects.
In a written statement, International Isotopes added that it has "sufficient capital on hand" to continue to support high-priority activities.
