International Isotopes completes million-dollar private placement

International Isotopes Inc. http://www.intisoid.com/ raised about $1 million for continued engineering and design and licensing for its planned uranium processing and fluorine extraction facility.

About 4 million shares (at 30 cents apiece) were placed with directors, past investors and major shareholders. In addition, the company also converted about $380,000 owed to a past board chairman into units under terms similar to the private placement.

Full Story: http://www.idahobusiness.net/archive.htm/2009/09/23/International-Isotopes-completes-milliondollar-private-placement