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COM DEV secures financing for R&D, despite troubled market conditions

News | 04/17/2001 4:00 am EDT

COM DEV International Ltd has managed to land $32 million in financing for ongoing R&D at a time when most investors are putting their money in anything but telecommunications. The funding came from a syndicate of investment dealers led by TD Securities. The offer is scheduled to close on or about April 30, 2001.

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