IMRIS in $18-million bought deal

IMRIS (TSX:IM) of Winnipeg opened the financing window, signing an $18-million bought deal to sell 3.21 million shares at a price of $5.60 each with a syndicate of underwriters led by RBC Capital Markets Inc.

The syndicate has a 30-day option to purchase an additional 482,250 shares of IMRIS at the same price, which would increase the size of the financing to about $20.7-million, IMRIS said in a press release.

The surgical imaging systems company will use proceeds for working capital and general corporate purposes.

The shares were changing hands at $5.65 in late trading on the TSX Wednesday.