Company sells common shares at $0.03 each to lone investor Craigstone
By Devika Patel
Knoxville, Tenn., June 21 - Neohydro Technologies Corp. concluded a $100,000 private placement of stock with Craigstone, Ltd. on June 17, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold common shares at $0.03 per share. The price per share reflects a 50% premium to the June 14 closing share price of $0.02.
The El Paso, Texas-based company has no operations.
| Issuer: | Neohydro Technologies Corp.
|
| Issue: | Common stock
|
| Amount: | $100,000
|
| Price: | $0.03
|
| Warrants: | No
|
| Investor: | Craigstone, Ltd.
|
| Settlement date: | June 17
|
| Stock symbol: | OTCBB: NHYT
|
| Stock price: | $0.02 at close June 14
|
| Market capitalization: | $2.98 million
|
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