June 2, 2009 (FinancialWire) — Imax Corp. (NASDAQ: IMAX) (TSX: IMX) has priced its public offering of 9.8 million common shares at $7.15 per share. Roth Capital Partners, LLC acted as the underwriter.

The company has granted the underwriter an option to purchase up to an additional 1.47 million common shares at the public offering price within 30 days following pricing. The transaction is scheduled to close on or around June 5.

Imax said it expects to see gross proceeds of around $70.1 million. The company plans to use the net proceeds from the offering for the repayment of debt, including a portion of its 9 5/8% senior notes due December 2010, and for general corporate purposes.

Canada-based Imax entertainment technology firm specializing in immersive motion picture technologies. As of March 31, there were 371 Imax theatres operating in 43 countries.

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