BUZZ-Imris Inc: Private placement offering

Tue Dec 23, 2014 11:16am EST
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** Canadian medical device maker's U.S. listed shares down 6.4 pct at 33 cents

** Private placement offering of 10.5 mln units priced at 28.4 cents per unit, consisting of one common share and warrant to buy one and a quarter common share

** Imris plans to use net proceeds from offering for research and development of new products and to meet working capital needs

** Imris had 52 mln outstanding shares as of March 12

** Up to Monday's close, stock had fallen 78 pct this year