ARIUS Research Inc. Closes Financing
TORONTO, Dec. 14 /CNW/ - ARIUS Research Inc. (TSX-VE: ARI) announced
today that it had closed a previously-announced convertible bridge loan
facility in the amount of US$2,000,000 from Xmark Opportunity Fund, L.P.,
Xmark Opportunity Fund, Ltd. and Xmark JV Investment Partners, LLC
(collectively "Xmark"). The Company will use funds drawn from this loan
facility for working capital, to fund development of the Company's programs
and for general corporate purposes. The facility was arranged by Dundee
Securities Corp. on behalf of ARIUS.