ART repurchases debentures

AuntMinnie.com staff writers
Nov 20, 2006

Canadian optical molecular imaging developer Advanced Research Technologies (ART) reported that it has entered into agreements to repurchase its entire outstanding senior secured convertible debentures.

The debentures were issued on July 28 last year for $2.5 million (U.S.) to a limited number of U.S.-based institutional investors, according to the Saint-Laurent, Quebec-based firm. ART said it will repurchase the debentures at a premium of 15% on outstanding principal amount, plus accrued and unpaid interest, for a total of $2.9 million.

By AuntMinnie.com staff writers
November 21, 2006

Related Reading

Road to RSNA, Advanced Research Technologies, November 9, 2006

ART reorganizes for $6.6 million investment, September 22, 2006

Bouchard steps down as ART pres/CEO, July 20, 2006

ART files with Health Canada, June 22, 2006

ART signs Martin Memorial, April 25, 2006

Copyright © 2006 AuntMinnie.com

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