[MD1] Pictorius Closes $3.5 Million Financing Deal
Pictorius Incorporated Closes $3.5 Million Financing Deal
Secured Financing Allows Pictorius to Expand Markets and Continue to Grow
Friday August 20, 1997 – Halifax, Nova Scotia, Canada – Pictorius
Incorporated, has announced the initial closing of $3.5 million dollars of
a $6 million dollar offering by way of a confidential offering memorandum.
In connection with the Offering, the Company has signed a financing
agreement with McLean Watson SOFTECH Fund. This Fund invests exclusively in
leading private software companies.