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| Home : 3DIcon Enters Into $197,631 Equity Transaction With Institutional Investor -- Accelerating Technology Development |
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Jul 31
2013 |
3DIcon Enters Into $197,631 Equity Transaction With Institutional Investor -- Accelerating Technology Development |
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TULSA, OK--(Marketwired - July 30, 2013) - 3DIcon Corporation (OTCQB: TDCP), a developer of three-dimensional projection display technologies, today announced that it settled almost $200,000 in debt and trade payables, removing these obligations from its balance sheet, in exchange for the issuance of shares of its common stock to IBC Funds LLC ("IBC"), an institutional investor specializing in direct equity investments in public companies with growth potential. IBC previously purchased certain debts of the Company held by third party creditors, which make up the amount settled. |
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| Source:http://www.marketwire.com/mw/release.do?id=1816043&sourceType=3 |
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