GREY:ISEDF - Post by User
Post by
herbaciouson Aug 06, 2010 9:38am
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Post# 17327574
BREAKING NEWS
BREAKING NEWSiSee3D completes purchase of video wall
iSee3D Inc (2) (C:ICT)
Shares Issued 36,931,355
Last Close 8/5/2010
.54
Thursday August 05 2010 - News Release
Mr. Dwight Romanica reports
ISEE3D CLOSES 3D DISPLAY ACQUISITION
Isee3D Inc. has completed the acquisition of a Philips WOWZone video wall system as previously announced in Stockwatch on March 23, 2010. In connection with the closing of the acquisition, iSee3D has issued 408,163 common shares at a deemed price of 49 cents per share, for aggregate consideration of $200,000 to Stereo Visions Systems Inc. of Ithaca, N.Y., a company at arm's length to iSee3D. The acquisition shares are subject to a hold period of four months and one day from the date of issuance.
ISee3D also announced that it has settled a total $244,667.50 in outstanding debt through the issuance of 489,335 shares at a deemed price of 50 cents per share, first announced in Stockwatch on June 25, 2010. As part of the settlement, iSee3D settled $128,341 through the issuance of 256,682 shares to certain directors and officers of the company. All shares issued in the debt settlement are subject to a hold period of four months and one day from the date of issuance.
? 2010 Canjex Publishing Ltd.
do your own due diligence
herb