From the Wires
Diagnostic Imaging International Corp. Closes Private Placement Financing
By: Marketwired .
Dec. 5, 2012 02:04 PM
LAS VEGAS, NEVADA -- (Marketwire) -- 12/05/12 -- Diagnostic Imaging International Corp. (OTCQB:DIIG)(PINKSHEETS:DIIG) is pleased to announce that it has sold, through a private placement to accredited investors, three year 12% convertible notes ("Notes") in the aggregate principal amount of $1,865,000.
The Company plans to use the proceeds from the financing for the completion of its previously announced MR Clinic acquisition.
The Notes pay interest at a rate of 12% per annum, payable to the holder at 1% per month, and are due on December 5, 2015. The Notes are convertible into common shares of the Company at $0.10 per share. In addition, each purchaser of the Notes received bonus shares dependent on the dollar amount of Notes purchased. The total number of shares issued was 5,015,000 shares of common stock of the Company.
To find out more about Diagnostic Imaging International Corp. (OTCQB:DIIG)(PINKSHEETS:DIIG), visit our website at www.diig.biz.
Diagnostic Imaging International Corp., ("DIIG") is planning to acquire diagnostic imaging clinics including MRI clinics, Computed Tomography scan equipment, and to evaluate future opportunities for Positron Emission Tomography clinics. DIIG owns and operates CTS, a Teleradiology company. Teleradiology is the process of assessing radiological patient images, such as x-rays, CTs, and MRIs, from one location to another for the purposes of interpretation and/or consultation. CTS provides remote radiology (teleradiology) technology to hospitals and practices, on-call 24 hours a day, 7days a week. CTS connects clients with a global teleradiology network, providing access to global partner facilities and American and Canadian board-certified radiologists.
This news release includes forward-looking statements that reflect Diagnostic Imaging International Corp.'s current expectations about its future results, performance, prospects and opportunities. Diagnostic Imaging International Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to Diagnostic Imaging International Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2012 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
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