Company to sell 4,079,539 shares at 33.33% premium to market
By Tali Rackner
Norfolk, Va., Sept. 11 – Uluru Inc. arranged a $1,550,225 non-brokered private placement of stock on Friday, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company will sell 4,079,539 common shares at $0.38 per share. The price per share reflects a 33.33% premium to the Sept. 10 closing share price of $0.285.
Net proceeds are expected to be about $1.35 million.
Uluru, based in Addison, Texas, develops wound management, plastic surgery and oral care products.
| Issuer: | Uluru Inc.
|
| Issue: | Common stock
|
| Amount: | $1,550,225
|
| Shares: | 4,079,539
|
| Price: | $0.38
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 11
|
| Stock symbol: | OTCBB: ULUR
|
| Stock price: | $0.285 at close Sept. 10
|
| Market capitalization: | $3.1 million
|
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