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This article was originally published in The Gray Sheet
Elbit Medical Imaging: Completes $4.2 mil. private placement of 547,000 shares for NIS 26.79 (US $7.62) per share. The proceeds "will go toward repayment of the loans received from a banking institution for the purpose of acquiring the shares," which were "held for current and past employees of the company by a trustee," the Haifa, Israel firm explains...
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