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Cordia repurchases warrants issued in March 2005 private placement
By Sheri Kasprzak
New York, June 21 - Cordia Corp. has repurchased 1.17 million warrants from Barron Partners, LP that were issued in a March 2005 private placement.
Cordia paid Barron $309,000, the equivalent of $0.20 per A warrant and $0.30 per B warrant.
The warrants were issued in a March 2005 private placement of series A convertible preferred stock and 1.5 million warrants.
The A warrants had been exercisable at $2.00 each and the B warrants at $4.00 each.
Located in Orlando, Fla., Cordia is a long-distance telecommunications company.
The stock slipped 5 cents to close at $1.25 (OTCBB: CORG).
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