By Sheri Kasprzak
New York, July 19 - GPS Industries, Inc. said it has completed a private placement for $1,648,555.
The company agreed to sell 20,606,944 shares at $0.08 each to nine accredited investors.
So far, GPS has received $1,225,000 from the offering.
Separately, GPS said it has converted $400,000 in debt at $0.09 per share.
Based in Surrey, B.C., GPS develops wireless global positioning systems for golfers.
| Issuer: | GPS Industries, Inc.
|
| Issue: | Stock
|
| Amount: | $1,648,555
|
| Shares: | 20,606,944
|
| Price: | $0.08
|
| Warrants: | No
|
| Settlement date: | July 19
|
| Stock price: | $0.143 at close July 19
|
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