News Releases

ISEE3D ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Montreal, QC, Canada - March 25, 2009 - ISee3D Inc. (TSX-V: ICT) reports that it has closed the final tranche of its previously announced private placement, first announced on February 19, 2009.

The final closing consists of 1,102,706 units at a price of $0.15 per unit for an aggregate proceeds of $165,406. Each unit consists of one common share and one-half of one transferable share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share of the Company for a period of six months from the date of closing at a price of $0.20.

In connection with monies raised under the final tranche of the private placement, the Company paid aggregate finders fees in the amount of $7,770 and issued an aggregate of 51,800 finder's shares at a deemed price of $0.15 per share.

All securities issued in connection with the private placement are subject to a four month and a day hold period. The net proceeds from the financing will be used for working capital.

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About ISee3D
ISee3D is driving the universal adoption of 3D single lens capture – from consumers and Hollywood to health care and military. The company is introducing the first commercially feasible single lens, single camera 3D capture technology. Scalable in size from one mm in diameter to more than 250 mm, the patented technology can be applied across many devices. Through its patented optical switch technologies, ISee3D continues to aggressively pursue the best in 3D innovation to ensure an immersive 3D viewing experience, rather than the traditional two lenses or 2D conversion approaches that are the current standard. The company is headquartered in Vancouver with offices in Toronto.

 

Corporate Contact
Tom Dalrymple, Chief Operating Officer
ISee3D Inc.
Office: 416-848-6353

full news release in PDF

 
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