By Sheri Kasprzak
New York, April 17 - International Monetary Systems, Ltd. has concluded a $1 million private placement.
Praetorian Offshore Ltd. bought 2.7 million shares at $0.37037 each.
The proceeds will be used for debt reduction, acquisitions and working capital.
Based in New Berlin, Wis., International Monetary Systems enables businesses and individuals to barter goods and services through electronic currency.
| Issuer: | International Monetary Systems, Ltd.
|
| Issue: | Stock
|
| Amount: | $1 million
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| Shares: | 2.7 million
|
| Price: | $0.37037
|
| Warrants: | No
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| Investor: | Praetorian Offshore Ltd.
|
| Settlement date: | April 11
|
| Stock symbol: | OTCBB: INLM
|
| Stock price: | $0.35 at close April 11
|
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