November 29, 2010 (FinancialWire) (http://www.financialwire.net/) — Imris Inc. (TSX: IM) said that it has completed a public offering of common shares. The company, along with certain selling shareholder, sold 11 million common shares at a public offering price of US$5 per share.

Of the common shares sold in the offering, 10.5 million common shares were sold by the company and 500,000 common shares were sold by a selling shareholder, resulting in aggregate gross proceeds to Imris of US$52.5 million.

Canaccord Genuity and Lazard Capital Markets LLC acted as joint book-running managers.

Canada-based Imris provides image guided therapy solutions. These solutions feature integrated surgical and interventional suites that incorporate magnetic resonance, fluoroscopy and computed tomography to deliver on demand imaging during procedures. 

The company's systems serve the neurosurgical, cardiovascular and neurovascular markets.

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