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Article: TIR Systems Successfully Completes $30.0 Million in Convertible Debenture Financing
- Article from:
- CCNMatthews Newswire
- Article date:
- January 9, 2006
CopyrightCopyright 2006 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 9, 2006) -
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE U.S.
TIR Systems Ltd. (TSX:TIR), a world leader in light enabling
technology, announces today that it has successfully closed $2.8
million in debentures on the same terms as the debentures previously
issued and announced on November 21, 2005. For every $1,000 of
debentures purchased, investors also received warrants providing the
right to purchase 200 common shares of the Company for a period of
three years at a price of $1.50 per share. With this closing, the
Company has successfully raised a total principal amount of $30.0
million pursuant to this ...