UA International plans $2 million private placement

By Sheri Kasprzak

Atlanta, June 28 - UA International Group, a Kiev, Ukraine-based infrastructure and real estate development company, said it plans to raise $2 million in a private placement.

The deal is being conducted through parent company Ischian Holdings Ltd.

The offering, the pricing of which has not yet been determined, will include restricted common shares of UA International.

The proceeds of the deal will be used to construct apartment buildings in Kiev.

On Tuesday, UA's stock closed unchanged at $0.75.

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