Canadian RIS/PACS developer Evolved Digital Systems reported the successful closing of a debt and equity package totaling $8.2 million Canadian ($6.7 million U.S).
The Montreal-based company said it made a $3 million ($2.4 million U.S.) loan and a $3 million ($2.4 million U.S.) private placement in newly created preferred shares. An additional $2.2 million ($1.8 million U.S.) of additional debt and equity closings are anticipated prior to August 30 this year, Evolved said.
By AuntMinnie.com staff writers
February 22, 2005
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