Published on 6/25/2014 in the Prospect News PIPE Daily.
Next Graphite sells $60,000 of common shares through private placement
Company sells 60,000 shares at $1.00 per share in deal
By Devika Patel
Knoxville, Tenn., June 25 – Next Graphite, Inc. completed a $60,000 private placement of stock on June 19, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 60,000 common shares at $1.00 per share. The price per share is a 334.78% premium to the June 18 closing share price of $0.23.
The Carson City, Nev., company sells imitation jewelry.
| Issuer: | Next Graphite, Inc.
|
| Issue: | Common stock
|
| Amount: | $60,000
|
| Shares: | 60,000
|
| Price: | $1.00
|
| Warrants: | No
|
| Settlement date: | June 19
|
| Stock symbol: | OTCBB: GPNE
|
| Stock price: | $0.23 at close June 18
|
| Market capitalization: | $4.87 million
|
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