Deal sells 102,740 shares at $14.60 each to finance corporate purposes
By Devika Patel
Knoxville, Tenn., Aug. 2 - Mericol Inc. settled a $1.5 million private placement of stock on July 27, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 102,740 common shares at $14.60 apiece.
Proceeds will be used for general corporate purposes.
The Montreal company offers printing and prototyping services.
| Issuer: | Mericol Inc.
|
| Issue: | Common stock
|
| Amount: | $1.5 million
|
| Shares: | 102,740
|
| Price: | $14.60
|
| Warrants: | No
|
| Announcement date: | Aug. 2
|
| Settlement date: | July 27
|
| Stock symbol: | OTCBB: MRCI
|
| Stock price: | $0.13 at close Aug. 1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
