By Sheri Kasprzak
New York, July 5 - Forum National Investments Ltd. concluded a $5.5 million private placement.
The company sold 11 million shares to Aliya Life Settlement International, LLC and Teeny Acquisitions LLC.
Proceeds will be used for the company's entry into the life settlement sector by creating a life settlement division.
Based in Vancouver, B.C., Forum is an insurance company.
| Issuer: | Forum National Investments Ltd.
|
| Issue: | Stock
|
| Amount: | $5.5 million
|
| Shares: | 11 million
|
| Price: | $0.50
|
| Warrants: | No
|
| Investors: | Aliya Life Settlement International, LLC and Teeny Acquisitions LLC
|
| Settlement date: | July 5
|
| Stock symbol: | Pink Sheets: FMNLF
|
| Stock price: | $0.99 at close July 5
|
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