Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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I think it simply means IBK was able to place $3.7 million worth of units.  It does not mean that all those units went to Canadian investors.  I'm sure IBK has their own US contacts/clients that they were able to place some of the units with.

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