News Releases

ISEE3D Closes Brokered Private Placement

Montreal, QC, Canada - December 23, 2009 - ISee3D Inc. ("ISee3D") (TSX-V: ICT) Further to its news release of December 8, 2009, ISee3D is pleased to announce that it has closed its previously announced brokered private placement (the "Offering") of 4,400,000 common shares at a price of $0.75 per share for aggregate gross proceeds of $3,300,000. Union Securities Ltd. acted as lead agent for a syndicate including Haywood Securities Inc. (the "Agents") in connection with the Offering. The Agents will receive a cash commission equal to 7% of the aggregate gross proceeds of the Offering and a work fee of $15,000.

The Shares issued pursuant to the private placement will be subject to a hold period expiring April 24, 2010. Proceeds from the Offering will be used for the continued research and development of ISee3D's stereoscopic (3D) imaging technology and for general working capital requirements.

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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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