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3D Diagnostic Imaging

  • BY: Andrew Hore |
  • POSTED: 08/10/2012 |

3D Diagnostic Imaging is changing its name to 3D Resources and seeking oil and gas investments in Europe, Middle East and Africa.

Plus Markets Group directors Donald Strang and Hamish Harris will join the 3D board.

The tooth decay detection technology business CarieScan would be spun out into a new unquoted company after £100,000 in cash is injected into it. Aim-quoted Evolve Capital will buy this company for £1 and within one month shares will be issued to existing 3D shareholders in the same proportion as their stakes in the Aim-quoted company.

3D will raise £114,000 via a placing at 0.03p a share, although most of that cash will be injected into the company buying the current operating business. The shares are currently trading at 0.12p a share, valuing 3D at £280,000. Strang and Harris will each take a 6.44% stake.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFSeptember2012_36.pdf

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