Monday, 26 February 2007

LMS Raises $2.6 million


LMS has completed a $2.6 million private placement at $1.10 with Griffin Securities of New York City. The financing comprised of 2,375,229 common shares generated $2,615,898 in gross proceeds prior to the deduction of placement agent fees and offering related expenses. Proceeds are to be used for general corporate and working capital purposes.
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