By Sheri Kasprzak
Atlanta, March 8 - Imaging Diagnostic Systems Inc. said it may draw $2.79 million from a $15 million equity line.
The company may issue up to 9 million shares at $0.31 each to Charlton Avenue LLC.
Imaging Diagnostics received the line of credit on Jan. 9, 2004.
Based in Plantation, Fla., Imaging Diagnostics develops tomography laser breast imaging.
| Issuer: | Imaging Diagnostic Systems Inc.
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| Issue: | Equity line
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| Amount: | $2.79 million
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| Shares: | 9 million (maximum)
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| Price: | $0.31
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| Warrants: | No
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| Investors: | Charlton Avenue LLC
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| Pricing date: | Jan. 9, 2004
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| Announcement date: | March 8
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| Stock price: | $0.305at close March 8
|
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