By Devika Patel
Knoxville, Tenn., Sept. 22 - Credit One Financial, Inc. completed a $3 million private placement of common shares on Sept. 22, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 100 million common shares at $0.03 per share.
Proceeds will be used to enter into a business of natural resources products, primarily graphite at this time, in China.
Credit One is based in New York.
| Issuer: | Credit One Financial, Inc.
|
| Issue: | Common stock
|
| Amount: | $3 million
|
| Shares: | 100 million
|
| Price: | $0.03
|
| Warrants: | No
|
| Settlement date: | Sept. 22
|
| Stock symbol: | OTCBB: COFI
|
| Stock price: | $0.085 at close Sept. 19
|
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