Software company sells 3 million common shares at $0.10 per share
By Devika Patel
Knoxville, Tenn., Sept. 13 - Lyynks Inc. settled a $300,000 private placement of stock on Aug. 8, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 3 million common shares at $0.10 apiece, which is a 33.33% discount to the Sept. 12 closing share price of $0.15.
The software development company is based in Burbank, Calif.
Issuer: | Lyynks Inc.
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Issue: | Common stock
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Amount: | $300,000
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Shares: | 3 million
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Price: | $0.10
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Warrants: | No
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Announcement date: | Sept. 13
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Settlement date: | Aug. 8
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Stock symbol: | OTCBB: LYYN
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Stock price: | $0.15 at close Sept. 12
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Market capitalization: | $7.69 million
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