Montreal, QC, Canada -June 29, 2009 - ISee3D Inc. (TSX-V: ICT) (the "Company") reports that it has closed a second and final tranche of its private placement, previously announced on April 2 and April 17, 2009.
The tranche consists of 5,213,665 units at a price of $0.15 per unit for an aggregate proceeds of $782,049.75 Each unit consists of one common share and one transferable share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the Company for a period of 24 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 $27,445.00 and issued an aggregate of 349,732 finder's shares at a deemed price of $0.15 per share and 166,700 finder's warrants entitling the holder to acquire one additional common share of the Company for a period of 24 months from the date of closing at a price of $0.20. 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.