ART scores $2 million investment

Laser and thermal imaging developer Advanced Research Technologies continues to add to its funding war chest. The Saint-Laurent, Canada-based firm has received a commitment from Canadian mutual funds company BioCapital Biotechnology and Healthcare Fund to invest $2 million (U.S.) in a private placement offering. The deal is scheduled to close on or about June 29, subject to all applicable regulatory approvals, according to ART. ART plans to use the proceeds as part of its working capital.

By staff writers
June 22, 2001

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ART secures $7.5 million investment, June 13, 2001

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