Published on 11/21/2007 in the Prospect News PIPE Daily.
New Issue: Divcom Lighting wraps C$1 million private placement of stock
By Devika Patel
Knoxville, Tenn., Nov. 21 - Divcom Lighting Inc. said it has settled a C$1 million non-brokered private placement of shares.
The company sold common shares at C$0.148 apiece. Of those, 2,702,703 shares were sold to Divcom's president and chief executive officer, Aslam Khatri, for C$400,000.
Pointe-Claire, Quebec-based Divcom is a designer, manufacturer and distributor of lighting fixtures.
| Issuer: | Divcom Lighting Inc.
|
| Issue: | Common shares
|
| Amount: | C$1 million
|
| Price: | C$0.148
|
| Warrants: | No
|
| Investor: | Aslam Khatri (for 2,702,703 shares, or C$400,000)
|
| Agent: | Non-brokered
|
| Settlement date: | Nov. 21
|
| Stock symbol: | Toronto: DVQ
|
| Stock price: | C$0.125 at close Nov. 20
|
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