LASER PHOTONICS INC <LAZR.O> CLOSES SALE
Laser Photonics Inc said it
completed a previously announced sale of 615,385 shares, or 18
pct, of its common stock to a group of investors for one mln
dlrs.
    A 400,000 dlrs loan made by the investors was repaid out of
the proceeds, it said.
    It also said it restructured its board to include three
members designated by the investors, including Pierre
Schoenheimer, Roger Kirk and Leonard Lichter.
 Reuter
