Canadian RIS/PACS developer Evolved Digital Systems plans to issue a debt and equity package worth up to $8.2 million Canadian ($6.6 million U.S).
Montreal-based Evolved plans to make a private placement of $4.2 million ($3.4 million U.S.) in newly created preferred shares. At the same time, the company is opening a line of credit enabling it to borrow up to $4 million ($3.2 million U.S.).
Evolved plans to use the funds for working capital and other general corporate purposes.
By AuntMinnie.com staff writers
February 10, 2005
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Road to RSNA, Evolved Digital Solutions, November 16, 2004
Evolved signs Indiana customer, October 25, 2004
Touchstone joins Evolved client list, October 5, 2004
Evolved names Landman medical director, June 16, 2004
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