Positron gets final payment from IMAGIN

AuntMinnie.com staff writers

Mar 21, 2005

PET vendor Positron has received the final installment of funds from a $2 million sale of convertible notes to Canadian PET center developer IMAGIN Diagnostic Centres.

Proceeds from the notes were used to build a sales and marketing team, and support past and current working capital needs, according to the Houston-based firm.

The company also announced that it reached an agreement in principle on February 28 with an institutional investor for an additional $1 million in financing. The investment, which is subject to completion and execution of definitive agreements and satisfaction of a number of conditions, will be used to develop a series of new PET and PET/CT scanners and for general corporate purposes, Positron said.

By AuntMinnie.com staff writers
March 22, 2005

Related Reading

Positron nets PET order, March 3, 2005

Road to RSNA, Positron, November 8, 2004

Positron adds PET order, October 21, 2004

Second Positron scanner at Baptist Hospital, August 18, 2004

Positron adds to coffers, July 16, 2004

Copyright © 2005 AuntMinnie.com

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