Monday, 15 December 2008

LMS Given 60 Days of Breathing Room

LMS Medical Systems (LMZ - TSX)

Shares outstanding: 25.8m
Fully Diluted: 30.7 million

The TSX announced today, that it has extended the review of LMS’ listing for 60 days.

According to management, that period should be enough time to work out a deal to improve LMS’ financial situation. LMS is currently talking to a number of groups in an effort to secure the necessary finances.

Stay tuned …

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