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Advanced Research Technologies brings in $Cdn6mm

Executive Summary

Advanced Research Technologies (molecular imaging for cancer diagnostics) raised $Cdn6mm ($5.5mm) through the private placement to Oppenheimer Funds and other existing investors of 46mm 7% preferred shares at $Cdn0.13 each. The shares convert anytime into common stock at a rate of 0.95 common shares for each preferred share.
Deal Industry
  • Medical Devices
  • Pharmaceuticals
    • Radiopharmaceuticals, Contrast Agents
  • Medical Devices
    • Diagnostic Imaging Equipment & Supplies
      • Molecular Imaging
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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