Date Closed

May 14, 2008

Lead Office

Vancouver

Value

8.20 Million CAD

On May 14, 2008, Imaging Dynamics Company Ltd. ("IDC" or the "Corporation"), a medical technology company and innovative force in the fast-growing field of digital radiography technology, closed the previously announced short form prospectus offering. The closing consisted of 24,690,200 Units at a price of C$0.335 per Unit for gross proceeds of C$8.2 million. Each Unit consists of one common share in the capital of the Corporation and one transferable Common Share purchase warrant. A concurrent non-brokered private placement of an aggregate of 895,522 Units with two of the Corporation's directors on the same terms as the offering for gross proceeds to the Corporation of approximately C$300,000 was closed on the same day.

McCarthy Tétrault LLP advised Imaging Dynamics with a team led by David Frost.