By Sheri Kasprzak
New York, June 16 - Access Worldwide Communications, Inc. closed a $2 million private placement.
The company issued a promissory note to Charles Henri Weil.
The four-month note came with warrants for 200,000 shares, exercisable at $0.01 each for 10 years.
Proceeds will be used for working capital.
Based in Boca Raton, Fla., Access Worldwide provides outsourced marketing services.
| Issuer: | Access Worldwide Communications, Inc.
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| Issue: | Promissory note
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| Amount: | $2 million
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| Maturity: | Four months
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| Warrants: | For 200,000 shares
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| Warrant expiration: | 10 years
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| Warrant strike price: | $0.01
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| Investor: | Charles Henri Weil
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| Settlement date: | June 12
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| Stock symbol: | OTCBB: AWWC
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| Stock price: | $0.40 at close June 12
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